Respected Sir,
I had mortgaged my house property to the bank in the year 2000 against husing loan. Due to financial problem I could not repay the loan in time.In 2013, bank took action under SARFAESI act, published auction notice in leading news papers and reserve price was fixed at Rs.11.00 lakhs but there was no bid hence bank had cancelled the auction process and asked me to find a purchaser uner private treaty provision of which is available in the SARFAESI act but cannot transfer the property without bank's consent .Now, I have found a buyer who is willing to buy my house for Rs.15.00 lakhs and paid me an advance amount of Rs.50000 which I can pay to the bank.But I cannot register the sale deed without original title deeds which is lying with the bank.Purchaser is willing to pay the entire amount directly to the bank
What is the procedure involved in registering the sale deed
Is it in order for bank officials to come to the Sub Registrar's office and hand over the title deeds to the buyer on getting the payment of entire sales proceeds which will be sufficient to clear my dues
Whether bank can register the sale deed in the name of buyer without my presence in the Sub Registrar 's office
