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Can I register the property which already has loan with Bank ?

Hi

I want to purchase resale property in Navi Mumbai Seawoods area. Seller has outstanding loan of 15 lacs. I depend on Home loan to finance my purchase. Bank is ready to settle the loan after I pay my contribution and register the property.

My Question is Can I register the  property which already has mortgage with Bank  ? Right now property paper is with Bank from where seller took the loan.

Thanks

 

 

 

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