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How to purchase flat when the property is mortgaged
13-Jun-2023 (In Property Law)
I bought a under construction flat with Jaypee group. But now builder is under tremendous financial stress and construction is stalled for 3 years. Upon pressure, builder has given an option to shift to ready to move in property at another location. I am also fine with the option. This ready to move in property is mortgaged to bank. Am required to pay 35L more as per the new total flat consideration. Would like to know, since the property is mortgaged, will there be any legal hurdles in swapping? What all documents I need to check to be very sure that after paying, property will be clean?
You have to chk mortgage and lease paper it's condition and when it would be a freehold property. Kindly check all papers carefully. For any other query you can contact me and fix appointment anytime and surely I would help you in checking out the paperwork
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