Home loans

Querist : Anonymous (Querist) 21 November 2015 This query is : Resolved
I had applied for a home loan for an old property regd in 1964.however the first owner had died nd the property was purchased by the daughter by paying her brother. This happened in 1994.but they have not prepared any deed or agreement.now my bank has asked the brothers to b confirming parties nd a attested poa has been obtained from brothers. But the Sro is not ready to register. I have paid almost 50% of amt nd i m stuck

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Sudhir Kumar, Advocate (Expert) 22 November 2015
Bank will not release even a single penny unless the seller has a marketable title.

you have jumped in proposal and invested money on a property without clear title.

you may either get your money back

or

meet a lawyer with agreement if it can be proved that money was extracted from you by misrepresentation and the person who received money can be criminally charged.

Kumar Doab (Expert) 22 November 2015
Anonymous query, so no reply.

It is a good query. Don't post as anonymous.

Rajendra K Goyal (Expert) 22 November 2015
No reply to query from anonymous.

R.K Nanda (Expert) 22 November 2015
no reply 2aq.

Anirudh (Expert) 22 November 2015
At least now you should approach a lawyer well versed in property laws, discuss things with him and take further steps as may be advised.