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drreddy (manager)     21 October 2011

How to buy property jointly

hello, to all experts, sir  me and my co-brother ( Wife's Sisters Husband)  thinking to buy single property  plot jointly, the land is such a way that, it cannot cannot be divided and registered independently , we are thinking to go for loan to buy property, but hte banks are saying , they dont give loans to buy property jointly in a realtionship like us, they say it should be registered under single name. Now if it is registered in single name, other person will loose ownership, but both of us have intrest in that property. how to deal with situation. plz give some good suggestions



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 3 Replies

Adv. K.S.A.Narasimha Rao (legalquestadvisor@gmail.com )     21 October 2011

Dear Reddy garu,

You both have to purchase the equal half undivided share of land in the said plot separately and bankers cannot refuse to give loan on individual name.

drreddy (manager)     22 October 2011

thank u sir for your valuable suggestion, that maens, should we get registration done, as saying equal half  share of undivided property

Adv. K.S.A.Narasimha Rao (legalquestadvisor@gmail.com )     22 October 2011

yes


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