Can the bank change loan records for a property only after the divorce is complete?

Question asked by Pratibha from India:
Hello, my husband and I are filing for divorce soon. We have an apartment and a plot in joint name which was registered under both our names. The housing loan has my husband as the primary borrower and me as the secondary borrower.
As a result of a mutual agreement the [...]

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Will I become party to evasion of stamp duty?

Question asked by Anonymous:
Hi I have a question to ask. I bought a house from Builder in Hyderabad in August 2006. The agreement of sale was for 33 lakhs. The registry was done at a lower cost 18 lakhs in august 2006 itself. The flat was under construction that time. I also took [...]

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What is the basis of loan interest calculation?

Question asked by Mr. Sandeep Bhat:
Hi, I had earlier availed a loan from LIC Housing Finance and in addition to EMI’s I have also been regularly paying additional amounts for speedy closure of the loan.
My problem is that in their statements LIC still shows interest contributions on the EMI based expected Loan Outstanding without [...]

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Can I gift the property to someone on which I have taken a loan?

Question asked from India:

Hello,
I have purchased a flat though loan and the loan is not yet closed. Is it possible to gift the flat to my father through gift deed and still can i pay the loan amount. Please clarify.
Regards
Vatsala’s Answer has been moved to our new site

http://www.atoneplace.com
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Is it mandatory to go have Katha certificate issued by BMP / BBMP for buying a property in Bangalore?

Question asked by Kiran from Florida, USA:
Sir/Madam,
I was going through some of the posts at your website.
I have an issue and require your assistance.
I am Kiran living in Florida, USA.
I wanted to buy a 3-Bed Rood apartment in Bangalore.
We checked the documents provided by the builder with a lawyer and as we got a [...]

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Can A Property Be Transferred Through A Gift Deed?

Question asked by Mr. Sathish HM from Bangalore:
Hi Mam, I am Sathish H M, presently living in Bangalore-Karnataka.
My Question is, My father having a house that is in his name (Sole owner), we have two brother (elder brother), my father wants to transfer his house to my name through Gift Deed.
Any legal problems creating by [...]

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Can A Builder Ask For VAT And Service Tax Even If He Didn’t Mention About Them At The Time Of Sale?

Question asked by Mr. Amrendra Singh from Bangalore:
Hi I came to know about u from some of my friends.
Now the problem I am facing is as below.
1. I had bought a flat in Bangalore from the builder “UKN Esparanza “ some 3 months before and at the same time we have applied for the loan [...]

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Registration of Gifted Property

Question asked by T.L. Sudarshan from Bangalore, India:
Hi,
My name is Sudarshan.
The house that I live in currently is in my father’s name. He purchased the house and is now retired. His source of income now is the money that he had saved while in service. The house that we live in only has a [...]

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What would be the standard procedure to be followed to repay the housing loan?

Question asked by Mr Sunny Sureen:
Dear Vatsala,
Few years back my father had applied for a loan from LIC Housing Finance for construction( extension ) of his existing property. The papers of existing house were kept as a security. We are living in the same house till now. The loan was granted and it is being repaid in [...]

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Problems with merging of two 1 BHK to one 3 BHK by Builder

Question asked by Mr Sanjiv Jain from US:
I booked I have booked one 3 BHK flat in a new construction building and I’ll get possession in 6 months. This Flat has two numbers allocated to this (303+304). I checked with builder about the floor plan as approved by the corporation and found that this 3BHK is actually [...]

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