Transfer Of Loaned Property In Marital Dispute

first of all everything should be through MOU with the help of an advocate you can settle your problem through mediation

1. since the property is under the loan, therefore, no one can transfer/sell his/her share in the property without obtaining permission from the bank, 2. in the present circumstances, you can obtain the necessary permission from the bank, and after getting the permission, you can apply for the transfer of 50% share of the p[roperty in your favour by the wife, 3. once you became the sole owner, you are legally bound to submit the new ownership document in the bank, 4. the bank may ask you to enter into a tripartite agreement reagrding the matter

While finally deciding the ownership there would be a Memo of Understanding which will thrash out everything pertaining to the subject matter finally. Relinquishment is not the way because no one is going to give-up tbe share. Agreement type document will be the deciding document subject to the be followed by other legislations and local laws for fee, taxes and Registration etc. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

you can solve this dispute through mediation for more information book our counseltncy