Validity of unregistered by Notarized General POA
Validity of unregistered by Notarized General POA of Buyerin 2004Hi,I am Jagadish, I am trying to buy a property in Chennai suburb. The seller has procured a (land & then constructed house)property from a developer in 2004 He has given a general Power of attorney to his mother to purchase on his behalf.the POA was notarised but was not registered. Based on the POA a proper Sale deed was executed on his behalf in 2004 dec 15th.POA wasmade on Nov 4 2004.The seller has been living since then in that house & is now wanting to sell & I want to buy Is it Ok(1) for me to buy when the POA is unregistered.(2) if it is OK can I get a bank loan? (3) if I do purchase can I re sell witihout any hitch after 3-4 years?In summation my only worry is that the POA was unregisted in2004. Is it valid?
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