I wish to buy a ready built house with 15 cent of land for 17 lakhs rupees by taking a housing loan. But the problem is the land is already mortaged to Cooperative Society for 6 lakhs and I have to pay 7 lakhs as advance to the landlord to settle the said loan. Is it ok for me to pay him the amount against a registered guaranty agreement. Please guide me and give me a solution.
A.Yes it is Ok. Better pay in to bank loan account directly.
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Johnson Thangiah
Responded 6 years ago
A.Sir,
Clear the loan amount and get back your the land.
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NILANJAN CHATTERJEE
Responded 6 years ago
A.Yes you can purchase such. But you need to clear the dues first. Go to the bank with the owner and have a discussion with the manager in regards to the repayment of the loan taken in one go. After payment take NOC from the bank. But before that make agreement for sale between you and the seller.
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Ambrose Leo
Responded 6 years ago
A.You cannot take loan on a property with lien or encumbrance, first you have to clear the property on all encumbrances and avail the housing loan.
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Vishnu Bhadran
Replied 6 years ago
I wish to know whether I can pay RS.7 lakhs as advance from my pocket against a registered agreement. I want to know how to register such an agreement.
Dear Sir,
You have to go through the rules and regulations of RERA Act and better contact any local advocate who is knowing local laws for getting effective legal advise.
Dear Client,
Unless the original doner and the original donee of the gift deed execute and register a rectification deed or supplementary deed bifurcating each plot of land in the Schedule of the Prop...
Dear Client,
You can send a legal notice to the landlord and demand to repay the security deposit. In case of inaction from the landlord, you can file a suit under Order 37 of CPC before a jurisdictio...
Dear Client,
An owner who wants to add a co-owner to his property will have to do so by way of creating a new deed altogether mentioning the ratio or portion of the ownership in the property. This new...
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Purchase land with house already mortaged
RERA- Real Estate Agent
