Legal Question in Banking Law in India
How to continue of mortgage of property of a dead borrower when loan is transferred in the name of legal heir.Should the bank continue with previous mortgage or create fresh mortgage after property is transferred in the name of legal heir
Asked on 2/14/10, 10:13 pm
2 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
you need to refer to the loan documents and the terms mentioned therein.
Answered on 2/15/10, 1:18 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
No fresh mortgage or documentation should be needed if you are paying the loan.
Answered on 2/15/10, 9:08 am
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