Hello
I am looking to secure an educational loan against a property in Kolkata. There are a lot of problems.
My father passed away a long time back. The property that we have has been mutated in the past under my father's and mother's name. When we asked about the legal documents required for the loan, the lawyer of the SBI in Kolkata told us that we need to get a "new" mutation done under my sisters and my name, since my father's share is inherited by us. Since this supposedly takes 2-3 months, there has been a significant delay with all the proceedings.
However, recently when I spoke to a lawyer from the Supreme Court of India (Mr. M. Rao), he told me that once the mutation is done, it needn't be done again and for securing a loan, only a "legal heir certificate" would do (which takes about a day).
Please throw some light on this subject as I'm losing precious time.
Thank you in advance.
