Legal Question in Banking Law in India
can widow save her home from bank recovery?
can widow save her homefrom bank recovery which is given as mortgage by her late husband
2 Answers from Attorneys
Re: can widow save her home from bank recovery?
The question presupposes that the widow did not have any title to the home during her husband's life time. If the husband has created a mortgage on his property, the widow inherits the property only subject to mortgage.In such an event, only way to save the home for the widow is to pay the amount due under the mortgage.
Re: can widow save her home from bank recovery?
Madam,
in reply "Yes" if the dwelling house belongs to wife exclusively and further she does not own any other dwelling house.
you may contact me for further query/assistance on my mobile no.9873343288(delhi)
thanks.
siddharth
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