Dear All,
We have be looking to buy a flat. We got a resale flat and execute a sale agreement with the seller , paid some earnest money too. The seller has informed that the original deed has been misplaced / lost and certified copy of the same was given to be me so that I can apply for loan. But the bank is insisting to give the original copy of the deed else the loan cannot be sanction. We have learnt that the process of getting the duplicate deed : the seller (current owner) has to file a FIR with police & then publish in newspapers and re-register after specific period. The bank have even advised us to stay away from such property as this might turn out to be fraud / disputed property in future.
We like the flat, but would like to avoid any legal issue / dispute in future on the flat as we will be paying a large sum of our saving / earning on acquiring the same.
Please advice us on what are the steps we need to take as buyer in order to avoid any issue or misuse of the original deed (if found) in future.
