I have recently purchased a resale Mhada Flat in Kandivali. I have paid stamp, duty registration, Society transfer charges etc.
Previous owner is having a loan in LIC. At the time of disbursement my bank (HDFC) asked for the original copy of possession letter as it was not mentioned in the list of documents provided by LIC. Without possession letter bank nit allowing us to proceed further.
When we asked for original copy of possession letter to previous owner, he said that he don't have the copy and now insisting us to do NC and apply for duplicate copy of possession letter from MHADA as we have already done the Mhada Transfer.
We have already paid the downpayment amount to him and we feel like he is hiding something from us.
Plz Gide me how to get rid of this problem
'Buyer Beware' applies to property deals.
It shall be appropriate to get proper legal opinion from a very able local senior counsel of unshakable repute and integrity specializing in revenue/property/civil/DRT matters before signing or making payment.
This may cost some FEE but can defend long term interest and hard earned monies.
