Legal Question in Real Estate Law in India

Please help, I need to know legal steps to sell owned flat (which is also mortgaged with the bank).


Asked on 7/05/10, 5:44 am

1 Answer from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

You may first clear the loan by making payment of mortgage money and seek clearance of title from the bank. You may also ask the proposed buyer to make payment of loan amount to the Bank for obtaining bank's clearance. After mortgage is redeemed, you may go ahead with sale as per terms and conditions with the proposed buyer.

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Answered on 7/06/10, 2:19 am


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