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saravankumar (designer)     15 June 2010

mortgage related

Hello experts,


planning to buy a new flat, existing land owner applied for loan and its sanctioned, he availed loan and cancelled immediately, he have only cancelled documents regarding mortgage. is this correct else i need release certificate for my safety?



Learning

 1 Replies

SRIKANTH MYLAVARAPU (SENIOR OFFICER (LEGAL))     15 June 2010

dear sravan,

u hanedover the original saledeed,link documnet then there wil not be a problem for u.

your vendor already cancelled the loan santioned the bank

it s safe for you to keep hat letter in your custody

kindly apply an encumbrance certificate to know the encumbranceses over the property.


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