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How to add brothers name in documents of the house ?
09-Dec-2023 (In Property Law)
Hello Sir/Madam, I am a resident of Dombivli (W), Dist: Thane. My father bought a home with his savings in the year 2012 and taken a loan in the name of my elder brother as advised by the agent who helped us with the home loan paperwork. My parents have got two sons (me and my elder brother). We got the possession of the flat in the March 2017. The home loan will last until August 2031. I and my brother are paying home loan EMIs equally. It has been an understanding between us that we both have 50-50 share in the said flat. But my parents advise us that it should better be in writing so that any future dispute can be avoided. Is it possible to add my name as the 50% owner of the said flat while it is still mortgaged with the bank? Thanks and regards.
Yes.
U have to approach bank and take premissio. To transfer ir father share in ur name and loan wil stand in ur name and ur brother name and also in society and other place I need to transfer by executing sales of father share in ur name
Rest bank wil guide
U have to approach bank and take premissio. To transfer ir father share in ur name and loan wil stand in ur name and ur brother name and also in society and other place I need to transfer by executing sales of father share in ur name
Rest bank wil guide
Helpful?
15+
15+
Adv. Roopa Daxini
Aurangabad, Maharashtra | 25+ Answers
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You father can make will in respect of 50-50 share in the house property between his two sons instead of applying in emi equally or you can make indimnity bond in respect of 50-50 share in the property.
Helpful?
22+
22+
Adv. Bhawanipant Dnyaneshwar Kaloo
Washim | 25+ Answers
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