validity of sale deed.


dear sir I bought one site in bank auction Bangalore.
total land owner is wife and she given power of attorney t her husband in 02-03 2006, to convertion the property and for development.

in this layout I bought one site in the sale deed photo of the seller and signed by seller is husband (actual real owner is wife ) in future it may not be a legal issues for me !
waiting for replay.
thanking you.
 
Reply   
 
Retired employee.

If you have purchased the same in court auction, you are an innocent buyer.  Unless the power of attorney stipulations are studied, it is difficult to comment as your version is that POA is meant for conversion and development and not for sale.  In what capacity the bank sold the property, and whether the wife is a guarantor with her husband etc., is not known.

Contact a local advocate.  File an application to the Bank and seek the Legal opinion on record on that property.  They must provide it to you.  The bank sold it to you in an auction and the presumption is POA is in no way connected with such sale, and the property was mortgaged to the Bank as security by real owners only.

 
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Lawyer in Hyderabad.Email:ramachary64@gmail.com

It is always advisable to take help of Local Competent Professional Property Lawyer before participating in Bank Auctions as he can help you in understanding the rules and regulations. He can also help you to check Property Title and encumbrance on property (If any).

 
Reply   
 
Lawyer in Hyderabad.Email:ramachary64@gmail.com

It is always advisable to take help of Local Competent Professional Property Lawyer before participating in Bank Auctions as he can help you in understanding the rules and regulations. He can also help you to check Property Title and encumbrance on property (If any).

 
Reply   
 
Lawyer

You have already stated to have purchased the property in auction, it is too late to put the query for an opinion and obligation.

It is advisable to consult a local prudent lawyer for better appreciation of facts/documents, guidance and proceeding.

 

 
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