650+ Lawyers are online 
Clarification on taking home loan for resale independent house
21-Mar-2023 (In Property Law)
Hi, I am planning to buy resale independent house in a village near to sarjapur. Owner has panchayat form 9 11, sale deed, mother deed, RTC, building plan, EC 1989 to 2004, 2004 to till date and tax receipts. Layout plan and conversion document is not available. Owner told I will not get home loan. Even though I asked a loan agent, he told me that he can arrange loan from any bank. Please suggest me if I am in risk and can I go with property.
Dear Sir,
After going through the documents in respect of the site mentioned above I will be able to tell you whether you can purchase the same. Proper legal scrutiny of the title is required. Please note it. Thanks for writing. Welcome
After going through the documents in respect of the site mentioned above I will be able to tell you whether you can purchase the same. Proper legal scrutiny of the title is required. Please note it. Thanks for writing. Welcome
Helpful?
24+
24+
Sir,
as you informed me that you are going to purchase the property. Before you need to proceed ,please go for legal opinion. AS you only informed that there is no layout plan or conversation plan.
You have not informed us of the land details, like whether it is a residential land or agricultural land, self acquired or ancestral, whether it is granted land. ?
Therefore, i suggest you to go for legal opinion of the title deeds and then go for loan.
as you informed me that you are going to purchase the property. Before you need to proceed ,please go for legal opinion. AS you only informed that there is no layout plan or conversation plan.
You have not informed us of the land details, like whether it is a residential land or agricultural land, self acquired or ancestral, whether it is granted land. ?
Therefore, i suggest you to go for legal opinion of the title deeds and then go for loan.
Helpful?
25+
25+
Adv. M Lakshmikanth Arya
Bangalore | 500+ Answers
CONTACT NOW
If buy, it will be remained as defective title. when the land is not converted one for residential purpose, it will not be a legal site. Though you are in possession, you will not get it as valid one. in future some legal obligations may be arose. strictly, not suggestible one for purchasing.
Helpful?
25+
25+
Adv. Chandrashekara Reddy K N
Bangalore | 100+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
