Loss of title deed from nationalised bank
a ganesh rao
(Querist) 31 March 2012
This query is : Resolved
Dear Sir,
I have taken loan from Union Bank of India in July 2000. Now i have sold my house and registering is completed.
Now buyer demanding for original Title deed. I have repaid ourstanding loan amount and i have closed my housing loan on 26.03.2012. I have demanded from Bank for original title deep which was mortgaged in the Bank. Bank is still searching for original deed. The buyers bank requires original deed for loan sactioning. They even not ready for certified copy of title deed. I have a copy of title deed and registration letter.
Please help me how to proceed.
ganesh rao
Deepak Nair
(Expert) 31 March 2012
Write a notice to the bank demanding the title deed or to give an acknowledment/confirmation stating that the document is in their custody.
SAINATH DEVALLA
(Expert) 31 March 2012
Dear Mr. Ganesh,
Immediately issue a legal notice to the bank demanding the original title deed as the loan liability is closed.If they do not respond,give a complaint in the consumer forum.
venkatesh Rao
(Expert) 31 March 2012
Produce acknowledgement of deposit of title deeds and also a NDC from your banker that the loan account has been closed and they have no claim over property. Buyers banker have to accept the certified copies if you produce an affidavit sworn before the notary about the facts in detail coupled with copy of legal notice and NIL encumbrance certificate of your property.
Y V Vishweshwar Rao
(Expert) 31 March 2012
it is March ! loan account is closed on 26-3-2012 - The Records of 2000 - 12 years old will be in safe custody of the Bank - Bank may be require time - may return the Original Document after the March busy is over - by 10-4-2012!
ajay sethi
(Expert) 31 March 2012
generally bank takes around amonth to return original documents . they inform you in writing about date when you can come for your originbal documents . you have closed loan account only on 26th march 2012
dont issue legal notice
prabhakar singh
(Expert) 31 March 2012
WAIT FOR AND WATCH ONLY ON REASONABLE PASS OF TIME ISSUE NOTICE AND FILE CONSUMER COMPLAINT.
