Legal Question in Banking Law in India
in india, whether seller of a property ask bank of purchaser to stop his home loan so that he could not get assistence?
Asked on 9/18/13, 8:26 pm
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
19.09.2013
Dear Sir / Madam,
NO. The Seller being interested in settlement of the full "purchase consideration" for the property by the Purchaser, I see no reason why the Seller of the property should ask the Purchaser's bank to stop the Purchaser's home loan, which in turn could get the Seller into unwarranted serious trouble.
Regards,
Answered on 9/18/13, 9:03 pm
J. Radhakrishnan
independent Practice
No, he has no right to prevent the purchaser from getting a bank loan.
Answered on 9/19/13, 4:38 am
Related Questions & Answers
-
Today the 17th of sept 2013. i had to settle a loan , for which i was a so called... Asked 9/17/13, 6:25 am in India Banking Law
-
I have taken a personal loan on 2007 and immediate after one month i lost my job... Asked 9/17/13, 5:46 am in India Banking Law
-
Do we need to give pan Number if we withdraw cash above RUPEES 50000/- IF YES any... Asked 9/16/13, 5:13 am in India Banking Law
-
As per the letter no 386 dt 19/08/2010 by PCDA Allahabad it is very clear that an ex... Asked 9/15/13, 10:44 am 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.
