Legal Question in Real Estate Law in India
Hi,i m a software engineer but mutually divorced, if i take a home loan, can i register dat home on my second wife's name? and if i die who wil have to pay dat remaining loan? and wat wil happen wid dat property? and Can my kid from first wife apply for his share after my death? wat are the rules? and wat are the safe ways I should follow while taking the homeloan to protect n avail my second wife for this property?plz guide.
4 Answers from Attorneys
can i register dat home on my second wife's name?
yes, apply as joint owner other wise bank wont give loan on your name.
and if i die who wil have to pay dat remaining loan?
IF the loan is insured then insurance company will, otherwise the loan granting bank will recover the loan from the property
and wat wil happen wid dat property?
Depends, if you write a will, it will go to the person to whom its has been bequethed
and Can my kid from first wife apply for his share after my death? wat are the rules?
Write a will for this property in favour of kids from second wife, kids from first wife cannot claim then.
If you are buying property in your 2nd wifes name then no one claim anything from her................Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
Same/Similar query replied just now. See that reply.
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