I want to sell my house. I have a buyer who agreed to buy.
He paid half amount and for half amount, he has applied for a home loan in CANFIN housing limited.
HIs loan is sanctioned and the bank tells that bank only provide cheque/DD after the sales deed.
Bank will provide Xerox of the cheque so that cheque detail will be included in sales deed underpayment schedule
I have a few questions:
- What if the bank refuses to give cheque after sales deed.
- Can we include the safe clauses in sales deed to handle this situation
- Can we cancel the sales deed if the bank refuses to give cheque after sales deed?
Please gives your expert advice to handle this situation or it is a normal process.