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A man currently in Central Prison, Bangalore, fraudulently registered a property worth ₹50 lakhs in his name for ₹4 lakhs. By God’s grace, through a well-wisher, he has now agreed to execute a sale deed in favor of a new buyer who has offered ₹45 lakhs. I have an existing loan of ₹40 lakhs on the property, and the outstanding interest is more than ₹8 lakhs. Please guide me on how to complete the registration process.
Get permission from the prison superintendent for the jailed person to sign the sale deed at sub-registrar office or through a power of attorney. Use sale proceeds to repay the housing loan and interest. Hire a property lawyer to coordinate with the buyer, registrar, bank, and prison authorities for smooth registration. For further legal assistance contact us on our helpline number.