Foreclosure of home loan with bank and sale of own flat

Buyer wants to purchase flat from the seller who has got bank loan on the flat and mortagage the flat with the bank. if Buyer and seller having same bank how the transaction of bank loan will be adjusted and sale deed is to be prepared.

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Kumar Doab (FIN) 04 April 2017

The seller, buyer, Bank may agree for an agreement.

Get proper legal opinion on title of the property from your own counsel specializing in property/civil matters, before making any payment and siging any agreement.