645+ Lawyers are online 
Buying a land that has mortgage of 15 lakhs on it
13-Oct-2023 (In Property Law)
I am planning to buy a land and have liked one. The issue is the 7/12 is showing a loan of 15,00,000 with SBI on it. The seller says he does not have money and is asking me to pay off the loan as the first installment to the bank in cheque. What are some issues that can arise in this situation?
don't pay loan before sale deed first you create registered sale agreement and cleared burden of loan and cleared marketebal property now create registered sale and before purchase any land check the title of the property for more enquiry contact me i give my best advice
Helpful?
Adv. Hetal Vipul Makwana
Vadodara | 200+ Answers
Chat
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."
