Hi Navali,navali said:If someone wants to show his/her property as POF alongwith bank statements and other funds, what documents and paper work are required to show that property as POF?
Regards
1. The property is registered in your name/Spouse (who is part of your property)
2. Property evaluation by independent Evaluators (2 atleast), Notarise the Evaluation
3. If the property is free of any liabilities ( money or person, ie if there is a 3rd person on the property, then there might be a problem in the sense that he may not want to sell his portion)
4. If there is any loan or liability, then what is the amount. (You have to deduct that from your POF)
Mitali