Can we buy Property for which agreement registered and cancelled?
We have identified a property to buy - through Mediator. Seller[Mom and 3 daughters] informed us that, before few months another person[introduced by same mediator] has put agreement on that property,[ that he is willing to buy it and need some 3 months time]. Both the parties registered the agreement also. But since the buyer is not able to honor the agreement, they cancelled the registration. Now my question is
1. Seller told us if we see EC, we can get clear picture that the agreement is cancelled. Is it true that if EC is clear and stating that agreement registration is cancelled, then the property has clear title?
2. All this is orally conveyed to us, how can we verify this information ?
3. If we decide to buy this property, will we face some issues in future by the earlier party who has put agreement and withdrawn?
We wanted to buy a property without any complications and clear deeds/titles. So please let us know even if there is a slightest risk in this case.
Asked 8 years ago in Property Law
Religion: Hindu