Original property documents lost by the bank
5 years ago
I have taken a housing loan from IDBI Bank. The loan was taken over by other PSU Bank (UBI). But even after three months of takeover the loan documents are not released by IDBI to UBI.
Now, I have been informed by the IDBI that all the original documents are lost in the fire occurred at the SHCIL and now the bank is in the process of getting certified true copies from the registrar. I have following queries in this matter,
1) Do I accept these certified true copies or insist for recreation of original documents?
2)Can I sell the home in future on the basis of certified true copies?
3) Any bank will accept this property as collateral security?
ARPIT BATRA
Responded 5 years ago
Rajender Prasad
Responded 5 years ago
Ambrose Leo
Responded 5 years ago
NILANJAN CHATTERJEE
Responded 5 years ago