Property with missing sale deed - will i get bank loan for this?

confused (Querist) 06 June 2012 This query is : Resolved
The original sale deed is lost for the property that I am intending to buy, but the owner has followed the process to get a certified copy of the same.Now will i be able to get loan from bank to purchase this property? . This property is in west chennai. Please advice . Thank you

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Adv. Chandrasekhar (Expert) 06 June 2012
You can get bank loan on duplicate / certified copy of the sale deed. But you must ensure yourself by searching the land records that the seller is the real owner. The bank also will take such process before releasing the loan.

Shonee Kapoor (Expert) 06 June 2012
I endorse the views of Ld. Chandu.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

confused (Querist) 06 June 2012
Thank you Chandu Sir and Shonee Sir .

Sudhir Kumar, Advocate (Expert) 06 June 2012
Not a leagal query. As a matter of discretin by bank.

Sailesh Kumar Shah (Expert) 06 June 2012
Now will i be able to get loan from bank to purchase this property?

Answer: It is depends upon totally discretion of the bank.

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