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CAN KARTA OF HUF RESIDENTIAL PROPERTY GET REVERRSE MORTGAGGE LOAN?
Karta - Mortgage loan
03 Apr 2009 
2 Replies 
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Reverse mortgage eligibility hinges on individual ownership and unencumbered title, making HUF-held property typically ineligible.
Eligibility for a reverse mortgage requires that the mortgaged capital asset be owned by the applicant and free from any encumbrances. If the Karta is the sole registered owner of the residential property, he may obtain a reverse mortgage; if the property is held as HUF property without individual clear title, lenders and the notified scheme treat it as ineligible unless the asset is transferred into the individual applicant's name. (AI Summary)
Eligibility for a reverse mortgage requires that the mortgaged capital asset be owned by the applicant and free from any encumbrances. If the Karta is the sole registered owner of the residential property, he may obtain a reverse mortgage; if the property is held as HUF property without individual clear title, lenders and the notified scheme treat it as ineligible unless the asset is transferred into the individual applicant's name. (AI Summary)