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Author Topic: loan on will  (Read 399 times)

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Offline nitin371992

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loan on will
« on: October 11, 2015, 06:24:39 PM »
sir ,my father has a registered will of my grandfather,is he able to get the loan on the property given to my father on that will  and my grandfather has expired

Offline adv.amarnath

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Re: loan on will
« Reply #1 on: October 11, 2015, 08:03:55 PM »
No, WILL does not create any title rather it is wish of a deceased person to whom the property will be transfer after his death. Moreover, WILL is required to be Probate by an executor. After Grant of Probate, then only your father can be owner of the property and he can apply for loan by mortgaging that property.

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