Legal Question in Banking Law in India
Need to purchase the Home which is owned by my father
Hi Sir,
Just wanted to elaborate further. I am the only son and I am Married. I have a younger sister and she also got married. We along with my father and mother live at same house. Now my question is my father is in debts and because of which he wants to sell the house which we are living. As a son can I avail a Home Loan and purchase the Home which is owned by my father? Will there be any banks which give loan in this regard? if yes then please let me know the Bank details... It will be highly helpful..
6 Answers from Attorneys
Re: Need to purchase the Home which is owned by my father
Already answered. Whereas, all bank has different parameters of giving loan. Hence you may have to check yourself.
Re: Need to purchase the Home which is owned by my father
The transanction may not absolve your father of his liabilities.
You may need to consult your bankers for seeking loan against the house in question.
Re: Need to purchase the Home which is owned by my father
There is no legal impediment to your purchasing the house from your father. No bank can object to extending the loan merely because the seller is your father. Approach all public sector banks beginning from State Bank of India.
Re: Need to purchase the Home which is owned by my father
We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.
Re: Need to purchase the Home which is owned by my father
We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.
Re: Need to purchase the Home which is owned by my father
Pl consult loan depts of the Banks
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