Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Legal / Due Diligence / I am buying a property which has not been registered by the seller and hence the developer is also included as a third party in deal. The seller never took a loan against the property. The bank lawyer has raised an observation that the developer has mortgaged the unit while the developer is insisting that he has not. Bank has requested developer to share MOTD to verify this but is unfortunately getting into a stalemate. Is there any other way out
Q.

I am buying a property which has not been registered by the seller and hence the developer is also included as a third party in deal. The seller never took a loan against the property. The bank lawyer has raised an observation that the developer has mortgaged the unit while the developer is insisting that he has not. Bank has requested developer to share MOTD to verify this but is unfortunately getting into a stalemate. Is there any other way out

view 153Views

4 Year

Read More

Comment

1 Answers

0 2020-10-16T08:52:09+00:00
⤺ Reply
Please get the encumbrance Certificate pulled for the particular flat from an SRO. You will get to know if the property is mortgaged.

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

I Want My Shop To Be Rented for Bank ATMWhat is the difference between sales agreement and sales registration?What is the Unregistered Sale Agreement Validity Period?How much is stamp duty and registration in Mumbai?Can a Property be Registered in Two Names?How is betterment charges/improvement charges calculated for an apartment? Is it calculated based on UDS or the Built Up area? Is it a one time payment? And if the BC/IC is paid by the builder for land before construction do we need to pay it again for apartment?Can GPA Holder Register Property in His Own Name?What is the difference between the registration of agreement of sale and sale deed?What happens when someone dies before completing an agreement to sale an immovable property?Difference Between Sale and Exchange?See All

Recently Published Questions

How to Get Consent Deed for Mother Deed?What are the Documents Required to Make Sale Agreement?Can a seller back out of a contract?Is it possible to cancel a sale agreement?How to do property registration online?How to Check Property Registration Online?How to calculate registry charges in Delhi ?How much is stamp duty and registration in Mumbai?What is the difference between sales agreement and sales registration?What is DLC Rate?See All
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners
Get your Home Sparkling Clean
Best Price | 5-Star Rated Partner | Safe Chemicals
Get Rs.1000 off on Your Lowest Quote
On-Time Delivery | Reliable Packing | Professional Labour
Buy Your Dream Home with NoBroker.com & Enjoy Exclusive Benefits on Home Loan & Interior Services
Fastest Sanction in 7 Days from 15+ Banks | Max Funding | No Hidden Charges
Get upto ₹10 Lacs Instantly in your bank account | Instant Disbursal |
Save Lakhs on Brokerage
Get Dedicated Expert to Search Property, Contact Owners & Negotiate for You