https://www.taxtmi.com/forum/issue?id=1072 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. en-us Fri, 03 Apr 2009 15:05:58 +0530 Thu, 23 Jan 2025 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1072 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. Discussion-Forum Indian Laws Fri, 03 Apr 2009 15:05:58 +0530 https://www.taxtmi.com/forum/issue?id=1072