rahulseth 30 March 2015
Hi,
The property is registered at delhi with mother's name. I am having the loan against that property with my mother as co-borrower. Do I have any rights on the property as such or it has to be transferred by my mother? In case of any disputes , do you see any rights for me? The loan is totally being paid by me.
Thanks
Rahul
Hardeep (Business) 31 March 2015
You don't have any rights. In fact your mother has helped you by becoming your co-borrower and so, in effect, agreeing to bear your liability ( since you are paying the loan, I take that the loan is for your purpose ) . If you default on loan it is her property that the bank will try to possess.
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