LawRato

Procedure to buy mortgaged flat having outstanding of around Rs 12lacs


07-Jan-2023 (In Civil Law)
Hi I want to buy a flat has outstanding pending of 12L,I have 8L with me and asked seller to pay rest amount to bank to clear running loan. So that I can initiate with fresh loan. Please suggest me a legal process to furnish this at minimum risk.
Answers (1)

Answer #1
516 votes
Dear client
Take the bank detail from seller and try to settlement amount from bank and after settlement amount paid the amount through seller ,then you buy the flat or take over loan process from bank you buy the flat.
Helpful? LawRato LawRato

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.

Report abuse?

Comments by Users

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."