on purchase of flat

Querist : Anonymous (Querist) 02 April 2011 This query is : Resolved
I want to purchase a flat where the seller has a loan with lic. normally there is a need of a ec and a noc from lic. if i pay the total lone money to LIC on the same day can i go for property registration with out release of original documents

1) can i go for registration with out original documents after payment with help of any receipts or any lettrer from LIC

2) can registrar allow it or not

3) what is the best and other option

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M.Sheik Mohammed Ali (Expert) 02 April 2011
if the vendor settled due's to lic, the lic give the NOC, so you can buy the said property, and it will register you can.

adv. rajeev ( rajoo ) (Expert) 02 April 2011
If entire loan is cleared then you will get the no objection letter from the LIC. Then you can purchase it.
Loan clear certificate will also be issued in the name of loanee.

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