Originally Posted by
buttercarp
If you bought a house that has not TOP yet, and appoint a lawyer to disburse the monies for you, what is the procedure?
For eg, if you take 60% loan, but you have 40% cash, do you have to give this 40% cash to the lawyer to disburse the cash to the developer when the house is being completed in stages?
What if in the process, the law firm closes down?
Also where will this cash be deposited into?
How safe is it in the lawyer's hands?
I heard from 1st august onwards, there are measures to ensure greater safety?
TIA.