Dear All,
I am Anand. I have a residantal plot worth Rs. 5 lakhs. I am doing small scale Business. For extension of my business, i need some money. I approached private finance for mortgage loan for 1.5 lakhs and he has reply eveyminth iun installation for 30 months.
He asked me to sign a sale aggreement for 2 Lakhs. The agrement states that the finace was paid 1.5 lakhs and within 30 months they will pay remaining Rs. 50,000 to transfer the registration to their name. but they didnt mention any condition stating that if i fails to pay the due only, they have right go for sale aggreement.
Is there any idea or is it will crear any problem to us in future though i pay dues regularly in time.
i Need assisatant
Regards,
Anand
