Property dealer making weird demands

This topic has 9 replies, 8 voices, and was last updated 1 year, 4 months ago by Silentavinash5204.

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- February 13, 2025 at 12:26 pm #54856 Reply
  User_a3508a5f
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  User_a3508a5f
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  February 13, 2025 at 12:26 pm
  
  Recently sold a flat (almost), the other party is taking a loan for the same, and then the property dealer said they need a picture of the seller to receive the loan? This doesn’t sit right with me.
  
  He said, “ur obliged to, there’s a law” but won’t explain which and what law.
  
  Is there any reason to doubt the dealer? He’s bent on us sharing the picture of the seller, with the house.
- February 13, 2025 at 12:50 pm #54862 Reply
  Mightytiger4160
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  February 13, 2025 at 12:50 pm
  
  Seller KYC may be required by the Bank.
- February 13, 2025 at 12:54 pm #54861 Reply
  Smartrajendra4950
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  Smartrajendra4950
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  February 13, 2025 at 12:54 pm
  
  Never heard of such a thing. If they say it is for KYC etc, go with the buyer to the bank and get it done by the manager. I don’t know if you have signed the sale agreement yet, but I hope you have put in clear exit clauses.
  - February 13, 2025 at 2:02 pm #54864 Reply
    User_a3508a5f
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    User_a3508a5f
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    February 13, 2025 at 2:02 pm
    
    It’s an apartment tho, not a property, kyc is still required?
    - February 13, 2025 at 3:55 pm #54865 Reply
      Silentavinash5204
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      Silentavinash5204
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      February 13, 2025 at 3:55 pm
      
      Kyc is required, but you can submit directly to bank… No middleman
- February 13, 2025 at 12:56 pm #54860 Reply
  User_0d441b8e
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  February 13, 2025 at 12:56 pm
  
  Is it any southern state?
  
  The picture of the person along with the property is needed for registration document process.
  - February 13, 2025 at 1:06 pm #54863 Reply
    Smartrajendra4950
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    February 13, 2025 at 1:06 pm
    
    Even then, registration typically happens in full payment of the money, not while applying for a loan.
- February 13, 2025 at 12:57 pm #54859 Reply
  Expertfox3531
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  Expertfox3531
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  February 13, 2025 at 12:57 pm
  
  Not a lawyer
  
  You need to press the dealer for more information. Which law and why is it required.
- February 13, 2025 at 1:01 pm #54858 Reply
  Braveseeker242
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  February 13, 2025 at 1:01 pm
  
  Not a lawyer but he is lying.
  
  Tell him you want to back off deal
- February 13, 2025 at 2:53 pm #54857 Reply
  Cooltiger5892
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  Cooltiger5892
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  February 13, 2025 at 2:53 pm
  
  Is the state Tamil Nadu?
  
  In Tamil Nadu during the sale of any property, they attach a photo taken at the property with the seller.
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