Regarding mortage property

   Dear Client,

Yes. However, the mortgage must be paid. Some mortgage documents contain a clause that requires the balance be paid upon transfer. You should inform the bank of your plans. Perhaps they will allow the grantee to assume the note. Or, if you intend to reserve a life estate, perhaps the bank will allow you to keep making the mortgage payments.

C S Dwivedi

   A owner can gift the mortaged property there are no hurdles but the mortage will remain on the property unless dues are paid.

   Dear client, yes, but donee will have to clear the title first, in order to occupy the same.

J.C.KAUSHAL

   Dear Mr. Manish,

An owner can make a gift deed of a mortgaged property. This gives the liability to the person who gets the gift deed in his favour, to clear the dues also.

Regards,

Brijinder Khurana (Ms)
Advocate

Note: - We try our level best to avoid any kind of abusive content posted by users. Kindly report to us if you notice any,    pathlegal@gmail.com