purchase of house -owner lost the sale deed
2 years ago
A house owner lost the sale deed and wants to sell it after doing all the formalities eg FIR, paper publication etc. Is it possible to buy it through bank loan? If yes, then what procedure should be followed?
A.Dear Client,
Sale deed is necessary for home loan approval because it is the final document which confirms your ownership over a property. When you apply for a home loan, the lender or bank will do a thorough check also known as due diligence and it is to ensure that property you are purchasing is legal and all the documents are valid. A sale deed is an important document to showcase your final ownership over the property.
Sale deed is necessary for home loan approval because it is the final document which confirms your ownership over a property. When you apply for a home loan, the lender or bank will do a thorough check also known as due diligence and it is to ensure that property you are purchasing is legal and all the documents are valid. A sale deed is an important document to showcase your final ownership over the property.
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