Transfer of Mortgaged property
1 year ago
My father owned house which was under mortgage in 1998 was trnsferred to me in 1999, duly agreeing to clear mortgage by me. Mortgage was also cleared by me in 2000. my father passed away in 2005. \nWhether transferring a Mortgaged property is incorrect
A.Dear client, any property which has a charge or any mortgage or loan levied on them can be legally transferred to other person. However along with the property all the right and liabilities also get transfered.
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