Property Sale Legalities Explained

Summary

In Karnataka, selling a property with an existing bank loan without the banks consent may be invalid. The buyer can send a legal notice to the seller for a refund. If the seller does not comply, the buyer can file a complaint in the appropriate court.

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Karnataka india
In Karnataka, the transaction you described may not be legally valid due to the bank loan on the house.
- The owner must obtain the bank's consent before selling the property.
- The e-stamp agreement may be considered invalid without this consent.
To get the money back, the buyer can:
- Send a legal notice to the seller demanding a refund.
- If the seller does not comply, file a complaint in the appropriate court.
Would you like to know which court to approach and how to proceed with the legal notice?