Home Property -Issue Home Property -Issue

1 year ago

Bought property (home)paying heavy amount through LIC home loan after two days of registration got to know the seller (stayed in that home for more than 12 yrs- paid tax EB bill, Municipal Tax, water bill all docs are perfect) cheated us and sold the litigation property to us. Now the land guy sent court notice stating Land belongs to him. But builder constructed house and sold it to our seller. Our seller stayed in the house for more than 12 yrs.We bought the property by taking home loan in LIC. Do we need to inform LIC regarding the litigation?

Abhimanyu Shandilya

Responded 1 year ago

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A.Dear Client

Here two things have gone wrong.
1. You did not get your property searched by an expert lawyer before buying who could have discovered that.
2. The Lawyer from LICHF should have done the due diligence which is also missing in this case it seems.
Yes you should inform the LICHF about this as later on there will be issues.
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Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 1 year ago

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A.Dear Client,
You can ask the LIC people regarding the same. If they want it then you need tp provide for it.
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Vidhi Samaadhaan Vidhi Samaadhaan

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