Legal Question in Real Estate Law in India
my father is selling his house. the buyer has
applied for loan in sbi which was aproved. Meanwhile the original registration paper is stolen for which fir is lodged. Now bank has refused the loan on the basis of certified copy from registration office. The buyer os asking to cancel the deal now and asking back the money. We have bought another property with the first instalment the buyer paid. Now what should we do as.during the contract no discussion was done on cancellation by the vendor. Do we need to pay the whole.amount which we hve already invested. Pls help
3 Answers from Attorneys
It is advisable to return the money received by you or your family from the buyer or else chances of facing litigation would be high. Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
Check terms of your agreement with purchaser and act accordingly.
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