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00:00:00The legal verification of a property is very important
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00:00:10The legal verification of the title of a property is very important
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00:00:16A bad legal verification or an incomplete legal verification can many times burn all your money which you have invested in the property market
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00:00:26A good legal verification many times saves your money, many times saves you from bad properties and many times keeps your money safe
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00:00:36There are two types of property lawyers in the property market
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00:00:46There is one type of property lawyers who are very fast in all property related processes
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00:00:56They are relatively cheap, any assignment given to them they completed very fast
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00:01:02They do not use their brains much, whatever you tell them they executed very fast
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00:01:06They just want to complete their work They want to raise an invoice They want to take the money They want to go home
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00:01:12They are not bothered about what happens to you after you buy that property They are not bothered about what's going to be your future after investing that much money
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00:01:23Such lawyers cannot be used in big property deals They can be used in very small property deals like buying apartments of 20 lakhs, 30 lakhs, 40 lakhs or buying small plots of 5 lakhs, 10 lakhs
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00:01:35It is okay to use them or such lawyers can be used for properties where you know the landlord very well or you know the locality very well or you know the history of that property very well
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00:01:45Then you can use such lawyers You can save on the legal expenses and manage with such lawyers
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00:01:52But when you are buying huge properties, you are buying properties which is a big portion of your net worth
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00:01:59You need a lawyer who can thoroughly check the background of that property You can thoroughly check the background of the owner of that property
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00:02:09Who can smell the owner of that property Who can smell that property and find out defects in that property You need a strong lawyer
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00:02:17You need a lawyer with a very stiff nose
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00:02:25This second type of lawyers are property speculators themselves
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00:02:30And if you can find a lawyer who is a very active property speculator in the locality where you're buying the property, that lawyer can do a marvelous job for you
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00:02:43Lawyers are generally expensive They are not so polite to work with They are rude at times They are rude not because they have they are angry with you They are rude because they want to stop you from doing something stupid
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00:02:55But generally in your place you feel hurt that you're paying a bomb to such a lawyer and he's shouting at you and he is talking to you rudely
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00:03:26My father was a second type of property lawyer and I can tell you many clients admired his process of sniffing and finding defects in a property
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00:03:36And for one of his clients in the very first property transaction he called off He saved them two and a half crores in the year 1987
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00:03:47And they are thankful to him even today Even today they worship him from saving him from that deal And after that my father has earned
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00:04:04And after that they have given a lot of business to my father