Lending on basis of Sale Agreement or POA

You can make a mortgage deed and register that, POA can be cancelled by the executor anytime;

If you want to make a sale agreement then make sure the contents are well defined and clear, the amount should be shown as consideration sale amount and the agreement should have duration and validity equal to loan repayment period. That is also good option but register the document in court.

Make revenue receipts and  pay loan amount through cheques

You may get executed either mortgage deed or sale agreement of property from borrower.

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