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Shankaranarayana Hebbar   16 August 2022

How general public can know whether a home property has a second charge

My neighbor has obtained a home loan from a bank by pledging the property. How can I know whether he has obtained a second loan from another bank by creating second charge. Is the second charge is also registered at Sub Registrar Office and at Cersai under Sarfaesi Act?


 1 Replies

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer)     16 August 2022

Generally a good bank will not give a loan if there is another charge on the property.  What is your interest in the matter? Are you planning to buy that property?

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