Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Shray Narula   01 October 2018

Indemnity bond from buyer

Hi, Im buying a residential property on homeloan from registered GPA holder, I'm getting registered sale deed done for the same on my name but Bank is asking me to sign on a Indemnity bond that in case there is any dispute on the property then bank will catch the purchaser i.e. me and will not hold the seller from whom I'm buying this property. I want to know how can I make sure that if anything happen in future and bank catches me so I should be able to catch the seller to give me my money back.


Learning

 1 Replies

Siddharth Jain   01 October 2018

you should get the documents relating to the property vetted by an advocate and get his opinion on the same. Without seeing the documents, no legal advice is possible in this case.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register