I wanted to purchase a plot in 2021 in Visakhapatnam and approached a mediator. That mediator took to an another mediator who himself pretended to be an owner and I was forced to pay him Rs.1.50 L towards token amount. Since the day I paid token money, he started insisting to pay full amount towards sale consideration before the registration of land takes place. I believe he had entered into an unregistered agreement with the owner and he does not want me to introduce myself to the owner. I insisted him to introduce me to the owner, but in vain. We mutually, fixed a date for registration. I went to Vizag from Hyderabad for this purpose. Further, he was supposed to get a survey number clearance certificate from MRO which he failed to get it till last moment of registration day. I was also supposed to complete the process of registration and leave for Hyderabad that particular day. Because of his non-cooperation, dominating nature, dictating answers over phone and delaying process, I cancelled the deal and informed over phone as well as Whatapp and cam back to Hyderabad. Since then (almost 3 years), he paid only Rs.50,000/- and Rs.1.00 lakh has still to be paid by him. I have been persuading from time to time and he has been postponing the re-payment. At the time of payment made, he signed a receipt for the payment received in which he has also written all the details of property even though the property did not belong to him formally. I would now request you to please advise me what are the option I have to recover my money from him.

Ans: This seems like a legal dispute and I would suggest you reach out to a lawyer for the same.

Ans: I'm sorry to hear about your situation. Dealing with such a complex and unfortunate scenario can be challenging. Here are some steps you can take to address the issue:

Gather Documentation: Collect all relevant documents related to the housing loan, sale agreement, rental agreement, and any communication with the builder or bank. These documents will be crucial in understanding your legal standing and building your case.

Consult Legal Assistance: Seek advice from a lawyer specializing in real estate and property law. They can help assess your legal options and provide guidance on how to proceed. They may suggest legal actions such as filing a case against the builder for fraud or breach of contract.

Contact the Bank: Communicate with the bank to explain the situation and provide them with any relevant documentation. They may offer assistance or solutions to help resolve the issue, such as restructuring the loan or providing temporary relief until the matter is resolved.

File a Complaint: Consider filing a complaint with the appropriate authorities, such as the police or consumer court, against the builder for fraud or cheating. Provide all necessary evidence to support your claim.

Credit Repair: Work on repairing your credit score by diligently paying any outstanding dues and resolving the issue with the bank. You can also explore options for credit repair services or counseling to improve your creditworthiness.

Seek Financial Counseling: Consider seeking guidance from a financial counselor or advisor who can help you navigate through the financial implications of the situation and plan for your future financial stability.

Stay Persistent: Dealing with such matters may take time and patience. Stay persistent and proactive in pursuing a resolution to the issue.

Remember that every situation is unique, and it's essential to seek professional advice tailored to your specific circumstances. Keep records of all communication and transactions related to the matter to support your case effectively.