Flat Deal With Pending Loan.

Asked in Real estate

  • Prajakta W.

    Mumbai

Expert's Answers(12)

  • Advocate Pankaj Lawyer

    Mumbai, Maharashtra
     

    for.more details call 9833895879. This phone wont be available between 18th Oct to 22nd Oct. So call today or after 22nd

    October 17, 2017
  • Advocate Pankaj Lawyer

    Mumbai, Maharashtra
     

    another solution is to get lock and key possession. payment and possession on same day. for eg loan is of 30lakhs and your agreement value is 1cr. Then pay him 70lakhs and get the entry in home and balance loan to be directly paid to banker. u can have this clause in agreement. Also take his power of attorney to pay the bank and receive original documents. to be more safe get an indemnity bond executed with liquidated damages clause

    October 17, 2017
  • Advocate Pankaj Lawyer

    Mumbai, Maharashtra
     

    i mean buyers bank will transfer original documents to ur bank and not to buyer

    October 17, 2017
  • Advocate Pankaj Lawyer

    Mumbai, Maharashtra
     

    Bank doesn't release LOD immediately. The best solution is to get thr buyer's loan transferred to you, then the bank will before disbursing your loan will take your agreement in their custody and also the buyer's bank will then not give him the papers but will take control of it. once all is done, you can then pre pay your loan in full and complete the transaction

    October 17, 2017
  • Advocate Kuldeep Taunk

    Udaipur, Rajasthan
      3 Client Ratings

    execute agreement to seller. And write condition in this document that after repayment to bank he will register send document in favour of you.

    October 15, 2017
  • Advocate Krishnan Balakrishnan Nair

    Pune, Maharashtra
      1 Client Ratings

    It's said, one must always be honest with lawyers, and you have been playing defensive. I believe you have already paid versus what you have been asking for. if that is how it is then the legal approach is also different. please reach me out in private... if that's the case, I'll help you out

    October 15, 2017
  • Advocate Bal Krishan Upadhyay

    Jaipur, Rajasthan
      1 Client Ratings

    you may purchase if by the content of bank , bank can transfer the lone upon u, rest amount you may pay to present owner , you may do it by an agreement registered . further you may call 9414486174

    October 15, 2017
  • Advocate P Gowraraju

    Coimbatore, Tamil Nadu
      1 Client Ratings

    CT for detailed advice 9442971773

    October 14, 2017
  • Advocate S S Rana

    New Delhi, Delhi
     

    get the loan cleared first For better clarification and advice you may call @ 9818555913

    October 14, 2017
  • Advocate Krishnan Balakrishnan Nair

    Pune, Maharashtra
      1 Client Ratings

    have the existing loan cleared by previous owner before getting any transaction done on the property you plan on

    October 14, 2017