Legal Question in Banking Law in India
hello
Is it possible for a buyer to take a loan from bank or any other financial institution on the basis of seller's property of which buyer just paid 10% of the total amount of the property to seller?If yes, how is it possible and will be the pros and cons of such transaction for the seller?
Asked on 7/02/14, 6:39 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
02.07.2014
Dear Sir / Madam,
No, this is not possible since no Seller is a fool to transfer the title of the property to the Buyer without receiving the full payment.
Regards,
Answered on 7/02/14, 7:11 am
Related Questions & Answers
-
Hi, I have a credit card of axis bank with Rs.75000/- credit limit. I had used... Asked 7/02/14, 3:55 am in India Banking Law
-
Hi sir! Whether without filing a authorization one person amongst family member... Asked 7/02/14, 2:04 am in India Banking Law
-
Old blank cheque not dated signed by the party can be come under the ambit of u/sec... Asked 6/30/14, 11:14 pm in India Banking Law
-
If i have defaulted in making credit card payments for the past 6 months, but have... Asked 6/30/14, 12:40 am in India Banking Law
-
I applied for credit card in 2000 and was approved. I used the same till 2002 and... Asked 6/27/14, 11:13 pm in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
