Cheating by housing finance
Querist :
Anonymous
(Querist) 29 August 2018
This query is : Resolved
Sir i am only 20year old.. Due to lack of experience... I bought a ground floor flat by my own mony..i have taken loan of 7 lakh from Supreme housing finance. I was very happy that i got good deal bt later i got to know that ground floor is unauthorized in this colony.. There is 0 resale value of my flat... Now please help me can i take ligal action against bank? as they have done proper legal, technical, valuation proses then why they didn't rejected my loan, i was thinking that if bank is giving the loan thats mean property is ok... I am really very tensed now plzz help..plz guide me. 7982615005
P. Venu
(Expert) 30 August 2018
How is it that the ground floor is unauthorized? Is your purchase of the property covered by a conveyance deed, duly executed?
