Legal Question in Real Estate Law in India
i plan to buy a property. There is no encumberance in the EC for the past 30 years. But before 30 years there is a mortgage with a bank.The seller says that the bank has waived the loan.Pls advce if I can goahead and buy the property?
6 Answers from Attorneys
No , Go for Due diligence of the property , title search and check the Bank and take NOC from Bank etc while buying the property......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.
NO. as mentioned here in above.
Simple thing would be to check with the bank instead of debating or deliberating.
In case no action is initiated by bank or bank has really waived the loan, same will be disclosed by bank on inquiry.
dear client...
Need to go through the documents then better suggestion can me made if possible send me documents at [email protected]
with regards
uttm
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