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Property Sale Fraud what to do


21-Apr-2023 (In Property Law)
I had sold my house in year June-2016 and Actual value agreed with buyer was 36lacs but on the day of execution of agreement buyer approached with request to make agreement with value 31.5 lacs, because buyer could not arrange full agreed amount on the day of execution of agreement. Since buyer was living in same building we had good relationship and therefore trusted her and agreed to keep 4.5 lacs pending and executed agreement with value 31.5 lacs instead of 36 lacs and buyer agreed to pay balance 4.5 lacs in Cash with in a Month from agreement date,but failed to pay even after Seven months of follow up. Buyer even made false promises and later in Jan-2017 refused to pay balance amount 4.5 lacs. Name transfer of flat blocked with legal notice. As evidence i have, MOU signed by buyer In Sep-2016 wherein she agreed to pay balance amount in 15 days. Also 28 phone calls recorded on mobile phone along with one Video recording containing her confession about unable to pay. Pls advice
Answers (3)

Answer #1
971 votes
Dear Sir/ Madam,
You can file a criminal complaint for the fraud/ cheating done by the buyer and also file a suit for specific performance of MoU or for cancellation of Sale Agreement if the buyer fails to pay the balance purchase price.
Answer #2
948 votes
Please note that under the law you cannot claim any cash component but it is also necessary to understand and read the terms and conditions of the MOU in order to take any action against the defaulter
Answer #3
624 votes
You can file suit for recovery of amount in court of law. Firtly you need to send legal notic of demand and warn her that on nonpayment of amont criminal and civil proceeding can be initiated against her

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