How to buy a property whose owner is not alive?
17-Dec-2023 (In Property Law)
Dear All, I want to buy a house whose owner is no more alive and the house has outstanding loan on it. Only family member left are owner's wife, a son and a daughter. They want to sell the property in order to fulfill there financial needs and to close the loan as they do not have money to complete the loan. What is the way to buy this kind of property.
2. Transfer property to family members as per succession laws applicable
3. buy the property.
it can be a long drawn process, provided everything goes smoothly. any blocking by any of the family members can spoil the deal
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