I want to buy a house @ 60 lacks –  which is under housing loan.  Outstanding amount on the loan is around 35 lacks. I am planning to go for home loan of around 30 lacks.

My question is what is the safe way to buy this house.

I mean – should i pay 30 lacks as advance such that seller can clear his outstanding loan and get the original documents. and once my loan is sanctioned get the registration ?  But this involves huge money involvement with an agreement only ..

Is there any other option?

I heard about transferring the loan from seller to buyer…. i also heard that it is not a safe way to go… .

Is there any other option like i can process my home loan with true copies of the document and once i got the loan sanctioned, loan sanctioned letter can be showed to the sellers bank and get the originals ?

I mean at the time of registration 4 of us (me,seller, my bank representative with my loan DD and sellers bank representative with the original documents ) can meet at registration day to exchange the DD/document/outstanding cash ?

your inputs will help