Dear Expert
I gave some initial amount to purchase a flat from a builder. I applied for the home loan. When chain of documents was studied by the bank they refused to give loan. Bank found that land sold to the builder was owned by the person who is died and their 5 son sold the land to the builder. Out of his 5 son 2 were staying abroad has given power of attorney to their brothers. When document were reviewed by the bank they found that power of attorney for 10 years was expired and sale of land was after one month of the expiry of the power of attorney. Builder is suggesting to have loan from any other bank. I would like to know your views on to go ahead and purchase the flat or drop the idea of putting my money in this property