Hello experts,
I am Manu Pathak. I want to buy a individual house (already constructed) in my city. The owner of the house had taken the loan from 2 banks 1. Dena 2. othar bank.
1. My question is that can the loan which is on his name can be transfered to my name ?? (my financial condition is good and there is no problem regarding eligibility and approval of loan)
2. as per my little knowledge, the person can not sell the property as its on bank's name and i can't take a fresh loan on allready loaned property. I hope I am not wrong??
3. If loan transfer is not possible, is it neccessary to take loan from the same bank??
please help me. and please provide some points which i need to take care in such conditions.
Thanks in advance
