Agreement to sale

bharat (Querist) 22 November 2012 This query is : Resolved
dear sir,
i am financing a flat under construction, and the builder is making an agreement to sale for that flat, witch will be registered, please let us know my finance is safe or not

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Devajyoti Barman (Expert) 23 November 2012
Without checking its title how could one tell it is safe or not?

Engage an advocate and get him checked its title papers.

Raj Kumar Makkad (Expert) 23 November 2012
If the builder is making agreement to sale with you then there seem no danger to your finance.

M V Gupta (Expert) 23 November 2012
To secure ur finance u need to enter into a loan agreement with the flat purchaser and secure ur loan by an equitable mortgage of the flat by deposit of title deeds i.e., the agreement for sale made by him with the builder and other relevent documents. better consult an Advocate for drafting of the loan agreement and the memorandum of deposit of title deeds for creating an e. mortgage.

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