Sale deed requirement of Resale flat
Ganesh
(Querist) 19 May 2016
This query is : Resolved
I am buying a flat in Nagpur. Building constructed in 2007. I have applied for home loan in sbi. I have provided DoD of year 2007 & all the chained sale deeds from 2007 to present. Still bank is asking for sale deeds before 2007 about plot ownership & farm & all. Owner don't have papers before year 2007. Is it must to provide old sale deeds of even before the construction of building?
r.sathyanarayanan
(Expert) 19 May 2016
It is always better to check 30years record,you can file EC with the survey no and from EC you can find out the document no and apply for the copy of the same.this you can do on your own for your own benefit.
Ganesh
(Querist) 19 May 2016
Thank you sir...
Can i get the full form of EC?
approximate cost for getting this copy?
P. Venu
(Expert) 20 May 2016
EC is Encumbrance Certificate. You can obtain the same from the Sub Registrar's Office.
R.K Nanda
(Expert) 20 May 2016
Agree with experts.
Advocate. Arunagiri
(Expert) 20 May 2016
You obtain the EC
Obtained the certified copies of documents mentioned in the EC.
Produce it to the Bank.
Rajendra K Goyal
(Expert) 20 May 2016
Bank ask for chain documents for 30 years, try to get these from registrar / revenue department.
Kumar Doab
(Expert) 20 May 2016
You can benefit from the advise of experts.
Dr J C Vashista
(Expert) 21 May 2016
Nothing more to add, well advised by experts.
Ganesh
(Querist) 21 May 2016
Respected All,
Thanks for your valuable suggestions. I want loan from sbi as early as possible. Already 8-10 flat owners have taken loan from sbi from the same buiding. Master copy already submitted by the builder to sbi in 2007. EC & all i will do, it takes time. But I wish to saction my lone on urgent basis. Can bank or advocate restrict me?
& all documents after 2007 are with me.
Ganesh
(Querist) 21 May 2016
& all documents after 2007 are with me.
Kumar Doab
(Expert) 21 May 2016
You have posted that:
"Master copy already submitted by the builder to sbi in 2007.EC & all i will do, "
"But I wish to saction my lone on urgent basis. Can bank or advocate restrict me'
Any lender can decline to lend.
However banks are under obligation to communicate the reason.
You can request the BM to fasten the process.
Rajendra K Goyal
(Expert) 21 May 2016
Why the Bank is not sanctioning loan in such conditions?
Meet the AGM of RACPC / Branch Manager of local SBI.
State Bank has thrust on Housing loan, procedure takes time.
T. Kalaiselvan, Advocate
(Expert) 23 May 2016
The master copy and other requirements were for other properties, did you submit a master copy from your side.
The bank has all rights to demand legal documents if it has even slightest doubt on certain document produced by you. The bank panel advocate can call for more reliable documents to give his opinion about your property, so if you are not happy with this bank you may approach some other bank which eases the loan norms and can grant loan expeditiously than SBI.
adv.bharat @ PUNE
(Expert) 30 June 2016
The title and search report for 30 year by an advocate will also sufficient document.
