Chain of agreement

Querist : Anonymous (Querist) 10 February 2021 This query is : Resolved
M selling my flat the buyer is taking the loan the property is was brought by the 1st seller in 1983 v have the original documents but the banks says its a copy as the revenue stamp is for stuck but showing stamped the bank says its a copy but it's not.. registration of flat is done but loan disbursement is pending due to this what do v do

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Advocate Bhartesh goyal Online

(Expert) 10 February 2021
Yes, Bank is right , you have only agreement to sale of flat and not registered sale deed and agreement to sale does not confer title ( ownership ) of flat.Bank will not sanction loan to buyer on such document.

Querist : Anonymous (Querist) 10 February 2021
So what can we do about this is there any work around

kavksatyanarayana (Expert) 10 February 2021
Your query is not clear. How did the seller buy it i.e. by way of a sale deed or a sale agreement? Revenue stamp never affixed on these two documents. Bank authorities ask for a copy of the original document with previous documents.

Querist : Anonymous (Querist) 10 February 2021
The first owner agreement states "Agreement for sale" that is from the builder to the 1st owner also the stamps says special adhevise

Advocate Bhartesh goyal Online

(Expert) 11 February 2021
Bank will not sanction loan to buyer when seller has no valid title of property.

Querist : Anonymous (Querist) 11 February 2021
But I want to know what can be done about this is there any work around

Dr J C Vashista (Expert) 12 February 2021
Show the document to a local prudent lawyer for appreciation and analyses and proper advise.
Facts posted by you are ambigous and not very clear to form an opinion and oblige.

Querist : Anonymous (Querist) 12 February 2021
Thank u Dr Vashista atlst u have mentioned what to do rather than just sayn bank will nt sanction loan

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