How to proceed with property return from jailed fraud buyer?
I am a retired person living in a rented house. A man fraudulently purchased my house worth ₹50 lakhs by paying only ₹4 lakhs. He got it registered through my wife while I was out of town, claiming he would repay a ₹40 lakh housing loan taken from a cooperative bank. The interest alone is now ₹8 lakhs. He is currently in jail but has agreed through a well-wisher to transfer the property back. A new buyer is interested in purchasing. How should I proceed?
Since the man in jail has agreed to return the property, you can legally proceed. File a registered cancellation deed or rectification deed with his consent, either through a jail visit or special power of attorney issued via prison. Once ownership is restored, you can sell the house to the new buyer. For further legal assistance contact us on our helpline number.
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