Can I get loan on certified copy?

Can I get a Home loan if original Sale deed is missing? – Certified copy of sale deed can’t replace the original deed when it comes to raising loan over such property. Banks may ask for the Police FIR, certified copy of sale deed, affidavit etc., before issuing home loan.

Is duplicate sale deed valid?

1. The document being the certified copy of the sale deed is certainly valid and no body will challenge its validity.

What happens if we lose sale deed?

Lodge an FIR: It is true if you lose anything, first go to the police station in your area. Lodge an FIR (first information report) with the police there, giving all the details of the property. In case the police are not able to trace your lost sale deed, they would issue you a non-traceable certificate.

What happens if I lose my original partnership deed?

If you have registered your partnership deed, then you can apply for certified copy of the deed before the Registrar. A. If you have lost the original one then execute a new one as amendment or rectification of the original. If you had registered the old agreement then get a certified copy from the Registrar.

What happens if original sale deed is lost?

Can a property be sold without original sale deed?

A.NO, a property cannot be registered if original sale deed is not with the owner, but a copy of the deed acquired from the registrar is available and name of the owner is displayed in the Encumbrance certificate. best is to avoid buying such property as it will create troubles for you afterwards. thanks.

Is sale deed necessary for home loan?

If you are looking for a home loan, you will need to submit your Sale Deed. Without having an original sale deed, it is almost impossible to purchase or sell any land or do any construction on it. After repaying the loan amount, the lender returns your Sale Deed.

Where can I get Xerox of documents during home loan period?

When you avail Home Loan, all the original documents of property pass through multiple hands before being dispatched to central repository. For most of the banks central repository is in Mumbai. If you request for xerox of documents during Home Loan period then the documents will be pulled out from central repository by the bank.

Can I get a home loan with a title deed as security?

Those seeking a home loan must be aware that while borrowing the amount from a bank, the property owner is required to deposit a collateral security to be able to secure against default in repayment. And one of the common form of security is to deposit the property title deed with the bank until the loan is repaid.

Can a buyer get a home loan without a sale deed?

The buyer of the property will not get Home Loan easily as the banks suspect that property might have been mortgaged with some other lender specially if entire document like sale deed is missing. If playback doesn’t begin shortly, try restarting your device.

What to do if your bank loses your sale deed?

The letter should bear a seal and signature of the competent bank officials,” advises Rishi Mehra, CEO Wishfin and founder of Deal4loans. The customer after receiving a communication from the bank that the original sale deed is lost, should file a police complaint stating the loss of the document.