05 May 2016
we are residing in india . we have taken an overdraft facility from HDFC bank by creating mortgage of immovable property which is in the name of our Father. Our father Has expired. after death of of our father we have settled the Overdraft A/C . now we want to get received original Documents of that property. We are four legal heirs and we have submitted Indennity Bond signed by all Legal heirs. List Of legal heir are 1. Wife ( Family Pensioner) 2. Two Sons 3. Wife Of One late Son
please advice us who and how can we recieved original paper's of property kept in bank as a security.
07 May 2016
As the legal heirs have closed the OD a/c after death of the borrower, the bank has to hand over the secured title documents to the legal heirs. All the legal heirs jointly submit a letter authorising one among them to receive the title documents. Production of certified copy of legal heirship certificate and the indemnity body are normally enough, for the bank.