I am from Bengaluru. I had purchased my flat by taking home loan from SBI in 2018.
Recently our society received a letter from a finance organization stating that they are taking possession of the property because the builder had mortgaged the property to them and defaulted on repayment. That’s when I realized that the builder had sold us a flat which he has mortgaged with some finance firm.
We contacted the builder and he said that he has made payment to the finance firm against our flat and that the financer ia just harassing and wants the tenants to put prwsssure on the builder because some partial payment by the builder is still due.
I am really concerned because we have registered our property and my name is clearly mention in the sale deed and other documents as owner clearly. Just shocked to see the finance firm claim charge on our flat like this in thier letter.
Please guide me what can I do in this situation.