transfer property from father to son

Chandrabhan singh (Querist) 19 September 2017 This query is : Resolved
Hello sir
Sir I took a home loan with my father as co applicant on a plot registered to my father's name.and also paying EMIs since last 5 years.remaining loan duration is almost 12 years.now my father want to transfer property to me so what is legal procedure for this .

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Sudhir Kumar, Advocate (Expert) 19 September 2017
repeated query is on procedure and now on law.

Guest (Expert) 19 September 2017
Apparently, it is an academic query.

Chandrabhan singh (Querist) 19 September 2017
No sir this is not an academic query.I m a medico and want some guidance

Rajendra K Goyal (Expert) 19 September 2017
For transferring the property in your name permission of Bank would be required. Bank may not permit any change in ownership till full loan is repaid.

He can bequeath a will in your favor.

Rajendra K Goyal (Expert) 19 September 2017
Repeated at:

http://www.lawyersclubindia.com/experts/transfer-property-from-father-to-son-656021.asp

Kumar Doab (Expert) 19 September 2017
Why to repeat?

It has already been suggested that;

Take lender into confidence.
If you alone are paying the EMI, and have credit worthiness it may agree and/or offer you other perspectives.
Your father can also think about valid WILL and preferably register it.

Kumar Doab (Expert) 19 September 2017
Agreed with Mr. Rajendar K Goyal...

Kumar Doab (Expert) 19 September 2017
Mr. Sudhir Kumar is also right that it is repeated query..............

Kumar Doab (Expert) 19 September 2017
It is not academic query and querist has further pressed it.............

Querist can post any query..............

Chandrabhan singh (Querist) 19 September 2017
Sorry for repeated query...Actually first one was posted as anonymous by mistake so I post another query...Thanks for ur guidance...

Chandrabhan singh (Querist) 19 September 2017
Can my father register a will while registry of plot is mortgage..

Dr J C Vashista (Expert) 20 September 2017
It is absurd, ridiculous and stupidity to repeat same question, consult a local lawyer if you are not satisfied with FREE advise of experts on this platform.

Guest (Expert) 20 September 2017
Another set of 4 vague and irrelevant posts of Mr. Kumar Doab, as a race towards top of the hall of fame. Buck up Mr. Doab!

Guest (Expert) 20 September 2017
People will not be misled merely by seeing them on the top of the LCI's Hall of fame, without checking for their vague and misleading contributions.

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