Can a property mortgaged with bank be included in Settlement Deed in tamilnadu?
5 years ago
Dear Sir/Madam,
I have mortgaged my house property to bank and availed loan. I am a widow and the property is my hard earned. My husband has died 27 years ago. Now i am survived by 1 son and 3 daughters all are married. I have decided to share/divide 4 equal parts to my children after my life. Please advice me if I can also Include the mortgaged property in the proposed Settlement Deed in Tamilnadu.
Thanks & Regards,
Jayalakshmi
G. Santhosh
Responded 5 years ago
A.You must need bank consent...
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Johnson Thangiah
Responded 5 years ago
A.Sir,
You need consent from bank.
You need consent from bank.
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Nirmal Chopra
Responded 5 years ago
A.No u cannot do so without consent of the bank as the bank will require u to clear loan at the first instance.
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A.Dear Madam,
Yes you can include such property and you must also clear with terms of repayment of mortgaged amount etc.,
Yes you can include such property and you must also clear with terms of repayment of mortgaged amount etc.,
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