Dear Sir,
Here is the scenerio..
A Mother transfers a flat in a CHS in mumbai to her daughter's name.This daughter is a nominee for the flat. There is no agreement made for this transfer. The society transfers the flat to the Daughters name and this transfer is documented on the Society's share certificate. The mother dies the next year. She does not have any will. Now 10 years later the daughter wants to sell the property to a prospective buyer. When the buyer approaches a llegal person with the papers he is told that the paperwork is not complete as it does not have a registered agreement between the Mother and Daughter for the transfer nor has the daughter paid stamp duty, also It is also not possible to avail a loan due to this in complete documentation. He is told that if he purchases it outright without a loan he may have difficulty selling it later.. Is this correct? Is there any cure for this defect. Should the buyer go in for this flat , if yes how so as to have a clear title?
Pramod
