Legal Question in Real Estate Law in India

Hello Sir/Madam

I would like to mortgage my house. The house is registered in the name of my grandmother who is currently 78 years of age. No nominee has been appointed by her for the property.

Banks are not ready to raise finance as they cite non-nomination as a problem.

i do not want to wait for transferring the papers nor do we want to decide nominee in a hurried state

Kindly advice


Asked on 6/09/10, 4:39 am

1 Answer from Attorneys
vijyant nigam vijyant nigam & associates advocates (M.09807349001) [email protected]

dear

ur grandmother can b ur guarantor if u take loan. in that case u'll b d borower n ur dadi vl b d guarantor n bank may not hve ny problm.

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Answered on 6/11/10, 11:50 am


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