Shailaja (na) 28 May 2011
HI, WE HAVE CHOSEN TO BUY A RESALE FLAT MORTGAGED AND UNDER HOUSING LOAN WITH A LEADING BANK. WE HAVE BEEN SANCTIONED A LOAN BY ANOTHER BANK. NEED TO ENTER INTO A SALE AGREEMENT. EXISTING LOAN WILL BE SETTLED BY OUR BANK. REMAINING PORTIO WILL BE PAID TO SELLER.
REQUES FOR A SALE AGREEMENT TEMPLATE FOR BUYING BANK MORTGAGED PROPERTIES. PLEASE HELP.
SHAILAJA
YOU MAY KINDLY NOTE THAT
1. YOU MAY KINDLY TAKE A SEARCH REPORT OF SAID PROPERTY BEFORE PURCHASING THE SAME.
2 THEN YOU WILL COME TO KNOW IF THE SAID PERSON HAD MORTGAGED SAID PROPERTY TO ANY OTHER FINANCIAL INSTITUTION AND ALSO ABOUT ANY OTHER CLAIMS AND CHARGES OR ANY PENDING COURT MATTERS REGARDING PARTITION OF SAID PROPERTY .
3.YOU MAY KINDLY PUBLISH A NOTICE IN LOCAL NEWS PAPERS INVITING ANY OBJECTIONS ON PURCHASE OF SAID FLAT.
4 YOU MAY ALSO SEND NOTICE TO SOCITY AND ASK FOR ANY SOCIETY DUES PENDING.
5.YOU MAY ALSO SEND NOTICE TO LOCAL MUNCIPLE AUTHORITIES AND CITY SURVEY OFFICE AND ENQUIRE FOR ANY ARREARS OF PROPERTY TAX.
6 THIS WILL ENABLE YOU TO KNOW ALL DUES OUTSTANDING ON SAID PROPERTY AND ACCORDINGLY YOU MAY INSIST FOR CLEARING ALL OUTSTANDING DUES INCLUDING SAID BANK DUES.IT IS ADVISIBLE THAT YOU SHOULD PERSONALY PAY ALL THESE DUES AND OBTAIN RECEIPT FROM CONCERNED AUTHORITIES. BE CAREFUL BECAUSE IN CASE YOU ARE MAKING PAYMENT TO THE PERSON AND REQUESTING HIM TO CLEAR ALL DUES AND IF HE DOES NOT CLEAR THOSE OUTSTANDING DUES ,IT WILL REMAIN OUTSTANDING AND UNNECESSARY LITIGATIONS YOU HAVE TO FACE. SO GOOD LUCK.
YOU MAY WRITE FOR ANY FURTHER HELP.GOOD LUCK.
YOURS SINCERELY
NANDKUMAR B.SAWANT,M.COM.LL.B.(MUMBAI),ADVOCATE
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