Can i buy a property which was given as surety for bail?
lakshmikanthg
(Querist) 22 May 2023
This query is : Resolved
Hi All, I'm looking to buy a property and i noticed that there was a "Liability" in RTC document of that property. Upon further investigation i got to know this property was given as surety for bail.
Now I'm not sure if the surety is still valid or not, how do I proceed further? How to check if the surety is still valid? Can I buy this property or not?
Sudhir Kumar, Advocate
(Expert) 23 May 2023
You buy the property and will be liable to meet the requirement for which the property is mortgaged/bailed.
kavksatyanarayana
(Expert) 23 May 2023
In my view during the mortgage you shall not buy that property.
Dr J C Vashista
(Expert) 24 May 2023
It is not advised to purchase property submitted as "surety"
T. Kalaiselvan, Advocate
(Expert) 25 May 2023
It is always advisable to obtain a proper legal opinion from a local experienced lawyer about this property and proceed only when recommended
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