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Mortgaged Property has unregistered sale agreement with tenants


02-Sep-2023 (In Recovery Law)
Tenant has given 60 lakhs to house owner against a legal unregistered agreement to sell his already mortgaged house. The house is mortgaged with BANK since 2017 and the legal mortgaged document is in the name of the bank. But somehow owner convinced the tenants that he will get the loan cleared and sell him the house in 2023 Jan. But now bank has auctioned and sold the house to a third party. What are the risks to the buyer and how can the tenant recover his 60 lakhs. Who will be responsible for
Answers (1)

Answer #1
989 votes
Dear Client, In that case, you should file a Criminal Case against the owner for concelement of facts cheating and forgery and you may also approach civil court for Money Recovery Suit against the owner.
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Advocate Anurag Bhatt

Adv. Anurag Bhatt

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