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Kani   27 December 2022

Name changed to match property document

A person has approached for loan and is ready to give property as collateral. Issue is that the person was named A till his retirement and the property was standing in the name of B (which he states is his nick name and he did not feel the need to change the name previously). Now, he has changed his name to B through affidavits, advertisement and has offered the property as B. 

Is the process of changing the name to B to match the property documents legally valid and whether any other steps and precautions are to be ensured before giving the loan to B.

Please help.



Learning

 1 Replies

SHIRISH PAWAR, 7738990900 (Advocate)     27 December 2022

Hello, 

This is fraud. The property belongs to person named B. By changing name to B he will not became the owner of property. 

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