Sanjeev Hota (Associate Principal & Human Rights Activist) 20 May 2014
I have the Power of Attorney to sale a property on behalf of my cousin. The buyer of a property in the name of my cousin says that he will not be able to process a loan to purchase the property if I sale by virtue of the POA and that my cousin has to be present to sale and register the property in his name and apply for the loan. Pl advice is it posible that if I sale the property , will the buyer be able to process the loan for purchase of the property?
Sanjeev Hota (Associate Principal & Human Rights Activist) 20 May 2014
Doesnt answer my query. Have asked emminient lawyers here in this forum not in lawyeruno. You may answer all your queries here in this expert forum please.
Divya (nil) 20 May 2014
a power of attorney person can sell a property..Prime rule is that POA has to be registered.
Supreme Court has issued directions to that effect.
ur lawyer should convince in such a case.
Also POA should carry a proof / additional document NOW which supports that the person who granted u the attorney is STILL ALIVE coz if a person has died, then POA becomes wrong coz legal heirs too claim.
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