I own a property at kolkata, whose market valuation is 90 lakhs(as shown in the online market valuation property site by govt). But few years ago, my son took a loan from bank by forging my signature and bank too gave the loan without any physical verification against it. And now from last 8-9 months he has left the house, living somewhere else and stopped re-paying the loan amount. Now bank has sent the letter for further action of loan settlement. By managing them they have settled at 5 lakhs. As bank is also at fault and I cant file DRT against bank which require lot of money because i am retired person.
My questions are:
If govt. Valuation of property is around 90lakhs then why i am not getting to selling off the property at 60lakhs, i have already reduced the amount because of litigation.
Is there any govt. Litigated property buyer who can buy this kind of property, if yes where can i get them?
If no, then how can i sell this property off ?
Please help me .....
If the case filed by the bank before the DRT has been withdrawn as compromised then there is no bar on selling the said property. U can do so at ur own will
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