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My Brother wants to gift a property registered in his name to me (elder sister). He bought this property on Loan and has been paying the loan since 10 months. He has made the down payment (20%) of the Property value. How should we legally get this property transferred to my name? He does not mind to continue to contribute to home loan even after transferring the Property to my name. Even I am eligible to repay the loan. So either or both of us are ready to contribute towards the loan EMI. What is the process involved in getting the title changed from his name to my name legally?
Hello mam,
you can get the gift deed prepared and get the property transfered in your name and as there is the loan on the property either you can pay the loan alone or you can pay it jointly this completely depends on you, to know more in details please call on our helpline number.
Thank you