Mirror Now
@mirrornow·2.2M subscribers·145K videos
How to sell a flat which has a loan against it?- Property Hotline
Posted
July 29, 2016
Views
9,076
Likes
84
Comments
2
Engagement
0.95%
July 29, 2016
9,076
84
2
0.95%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:53Now PlayingExpert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd.
Question: I want to sell my flat. But I have a home loan on it which I am still repaying. What is the procedure to sell such a flat?
Answer: You need to approach your lender for foreclosure and list of documents (LOD). Find out the outstanding loan amount. You can settle the amount from your own sources.
Alternatively the buyer can take over the loan and settle the outstanding amount. If the buyer is taking a loan, he can direct his bank or home loan company to make the payment directly. If the buyer is also taking a loan from your lender, the process becomes much simpler. Also make sure that your lender states that the original property documents will be directly released to the buyer or his home loan company within a specific period after receiving full payment.
Be Un Confused
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
