One of the reasons why there is a delay in completion of a property transaction is…
– The Property title issued and Seller yet to transfer to his/her own name.
– Then, Seller sold the house to the new buyer.
– Some developer might not agree to give direct transfer.
– If that happen, the title requires transferring under Seller name first. Once the transfer is complete then only can transfer to new buyer name.
-This is called double transfer.
– When a developer agreed to transfer the title to the new buyer directly, we call this direct transfer.
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