Loan against will deed
Madhur Singh
(Querist) 12 May 2013
This query is : Resolved
Respect sir,
A was the owner of the a residential house on the basis of a Registered sale deed. During his life-time he executed a registered will deed in favor his son B. now after the death of A, on the basis of registered will deed can B mortgage said house against loan to the bank? or In case of registered will deed, the declaration of the ownership by civil court will be required for the loan
Devajyoti Barman
(Expert) 12 May 2013
No need for declaration. However taking Probate of Will is advisable especially if taking of Probate is compulsory where A is residing.
Raj Kumar Makkad
(Expert) 14 May 2013
Probate of will is must through civil court in the given case prior to mortgage.