TMI BlogKarta - Mortgage loanX X X X Extracts X X X X X X X X Extracts X X X X ..... CAN KARTA OF HUF RESIDENTIAL PROPERTY GET REVERRSE MORTGAGGE LOAN? - Reply By Ravi Chopra - The Reply = If the karta of HUF is the owner of the house property, than yes, he can get the reverse mortga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge loan. - Reply By Surender Gupta - The Reply = I think no. In TMI commentaries you would find the scheme of two banks SBI and National Housing Bank for your kind reference. We have seen the scheme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of other banks also. They need the clear title of the property. In case of property of HUF, you do not have the clear title of the property. In addition to this, you can also visit the notification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no. 93/2008 - Income Tax which notifies the "reverse mortgage scheme" scheme. Para (3) of the scheme is read as: 3(1) Any eligible person may enter into a reverse mortgage transaction by applying in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... writing to the approved lending institution, if the capital asset, being mortgaged, is (i) owned by him; and (ii) free from any encumbrances. Therefore, I believe that it is difficult to get the RML o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n HUF property. However, if you get the HUF transferred in your name, yes you can get RML. - Karta - Mortgage loan - Query Started By: - BHARAT SHAH Dated:- 3-4-2009 Other Topics - Got 2 Replies - I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x ..... X X X X Extracts X X X X X X X X Extracts X X X X
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