Just a day prior to my loan getting disbursed (and date of registration) it was discovered that the sale deed is not traceable. The seller from whom I am buying has an outstanding loan with the same bank. So most likely the sale deed has been misplaced by the bank. What are my options then? The sellers are reputed people so no worry on that front.
Bank would be doing the due procedure (FIR, Ad in paper etc). Are there any things that I need to do to ensure my interests are protected? What happens if some random person gets hold of original sale deed and makes a claim? Should I or should I not go ahead with this deal? As such I am keen to close the deal.
Thank You
