Menu
keyboard_backspace
ask a question ask a question
Get Realtime Updates of your Request. Download Vidhkarya App

Ask a Question - Free Legal Advice

Q.Property interested in buying is part of three mortgages kept with patpedhi
Administrative Law (420)
Adoption (118)
Advertising (45)
Animal Laws (38)
Arbitration and Mediation (38)
Aviation (15)
Banking (518)
Bankruptcy and Debt (171)
Cheque Bounce (377)
Child Custody (146)
Civil (1931)
Commercial (68)
Consumer Protection (542)
Contracts and Agreements (450)
Corporate and Incorporation (91)
Criminal (1517)
Customs, Excise (34)
Cyber, Internet, Information Technology (318)
Debt and Lending Agreement (76)
Debt Collection (138)
Divorce (468)
Divorce and Separation (1599)
Documentation (298)
Domestic Violence (541)
Election Campaign and Political Laws (20)
Employment and Labour (1038)
Environment and Natural Resources (29)
Family (1842)
Financial Markets and Services (89)
Government Contracts (51)
Human Rights (252)
Immigration (51)
Industrial Laws (51)
Insurance (67)
Intellectual Property, Copyright, Patent, Trademark (98)
International Laws (11)
IT Contracts (41)
Juvenile (17)
Landlord and Tenant (564)
Licensing (21)
Mail Fraud (14)
Maternity (57)
Media, Communication, Entertainment (16)
Mergers and Acquisition (20)
Military Laws (9)
Motor Accident (132)
Muslim Laws (56)
Outsourcing Agreement/Laws (5)
Partnership (56)
Police Laws (60)
Power of Attorney (74)
Privacy (89)
Property (2729)
Real Estate (400)
Registration (132)
RTI (110)
Sale (57)
Sale of Goods (20)
Sex Crime (136)
Sexual Harassment (6)
Sexual Harassment at Workplace (69)
Software License (4)
Tax (13)
Tax-GST (6)
Tax-Income Tax (22)
Tax-Property Tax (30)
Telecommunication (10)
Torts (16)
Transportation (49)
Trust and Society (NGO) (80)
Will (142)
Work Permits (30)

Q. Property interested in buying is part of three mortgages kept with patpedhi

A flat holder in my building has mortgaged his flat with patpedhi along with two other shops not in same society. Now since he cannot repay he wants to dispose of the properties and settle loan with patpedhi. My question is how safe this is to buy such a flat, since it is very useful to me and price quoted is also good. The seller, I.e. the borrower of patpedhi and the branch manager of patpedhi both assure me that dealings for other two shops are in advance stage and they will release all three together. My dear is if the other deals are not through, my possession and release of lien by patpedhi will Benin jeopardy. Please advise how safe this deal will be. The patpedhi and seller both are agreeable to my depositing money with patpedhi.
Share this questionShare Icon

Showing 1 of 1 Responses

A. Hallo sir this deal is safe but you need to consider all legal facts about this deal. Better way to discuss matter with expert property lawyer

Found Helpful
Found Helpful
Share this answerShare Icon

Deepak Bade

Experience: 9 Year(s)

Responded 8 months ago

View All Answers
Reply Here
Talk to a Lawyer
Post Your Matter
Request Callback
Contact Us