I bought a plot of land two years ago. Recently, I discovered the previous owner had taken a loan against it, which has now become a bad loan. The bank is now looking to sell the land. What can I do to protect my investment?
Best Answer
If the previous owner took a loan against the land without disclosing it, the loan may be invalid as it would have been a fraudulent transaction. You can challenge the bank’s claim by filing a legal case, presenting evidence of the undisclosed loan and your ownership. You should consult a lawyer to assess the specific legal options available to protect your investment.
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