Reg GPA Sale
Raghavendra Kumar Dilli
(Querist) 27 July 2011
This query is : Open
I am from Visakhapatnam, Andhrapradesh.
I am planning to buy a flat in visakhapatnam. The owner of the property took a loan from a financier and they executed GPA sale by the owner on the name of the financier. Now the owner would like to sell the property and the GPA Holder ready to cancel the GPA Sale execution deed by mutual agreement of cancellation [The owner will repay the loan amount to the GPA holder cum financier]and the same document will be going through the register office and once the GPA cancelled by the registration office then in the next moment the original owner's name will be displayed in the EC and then the owner can register the property on my name.
This is what the plan the owner told me.
Please let me know can this be possible and can I buy that property and will there be any legal problem comes from the GPA holders in future or by the owner?
