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Author Topic: Land in mother's name and loan taken in son's name for construction  (Read 1379 times)

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Offline btharabai

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My husband has a elder brother and a elder sister. There is a land in my mother-in-law's name. As per my father-in-law's advice, my husband and his brother availed a housing loan and constructed the house in that land. Now they are not ready to transfer the property or write a note of will, stating the future ownership of the property. My husband invested around 5 lakhs and availed a loan of around 17 lakhs. That property had been rented out and my father in law is not ready to share the rent as well. Because of this loan, my husband is not able to financially support our family. Is there any way based on the loan documents we can claim the portion of the property or the rental income through that property?


Offline advRanjithRajagopal

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Re: Land in mother's name and loan taken in son's name for construction
« Reply #1 on: September 24, 2014, 07:51:25 PM »
The property is in your in laws name, hence as par law he alone has exclusive rights over it. Your husband has taken a loan solely was on his own free will.

now if he invested the loan in someone elses property does not in any way give him any right over it.

unless, until there was an agreement to prove otherwise.

as par law no solution, but if you want to take it to court you may go ahead but chances are dim.

Your father in law in moral grounds should share.

as far as your husband is concerned he should take it as a bad decision to take the loan on someone elses property.

and it should serve as a lesson to all what has happened to you.
adv.Ranjith Rajagopal


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