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Cheating while executing sale deed

(Querist) 04 August 2015 This query is : Resolved 
In the year 2010, I purchased a property. The seller was one of my friends who told me that his property is free from any loan etc.
He executed sale deed in my favour in the year 2010.
Later on i came to know that the property is still under mortgage with the bank.
Since then he is making fool of me that he will soon pay the outstanding amount to the Bank but till date he has not done it.
Now, i want to bring this matter to police and court.
I just want to know whether i can go the police to register FIR as the matter is 5 years old.
How will i justify that for the last 5 years, i did not make any complaint.
Guest (Expert) 04 August 2015
Who is in Possession Now.Have you Not asked for Original Documents at the time of Purchase,Have you Not verified EC.With all this Consult a Local Good Senior Advocate.Face all this for having a Very Good Friend.
M/s. Y-not legal services (Expert) 04 August 2015
Nothing to worry. Your friend is irresponsible to redem that encumbrance
Rajendra K Goyal (Expert) 04 August 2015
Consult a lawyer and show him all the documents.

How much loan is outstanding on the property?


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