I am into buying a agricuture property wherein the farmer who is selling the land has a loan in the corporation bank.
he wants me to pay an20% advance now and then pay off the bank loan constuting 60% of the land value to the bank myself so that he can get the documents out for registeration.
he is willing to register the next day or so.
meanwhile he has made the sketch of the property i intend to buy from his land with the govt surveyor comming and measuring out the land . he says the sketch will be in my name in the land records and can be seen in the computer records.
Is this a feasible way of going about this sale?
if so how can i secure my payment of bank loan which i pay for him to get his document for registration.
can i amke a agreement in this regard legally