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Kanag   24 July 2018

Missing Parent document

I intend to purchase a property offered on auction under SARFAESI. I understand that the previous parent document, ie. Sale deed fvg the current owner(Bank borrower) has been misplaced by bank. They are ready to get the certified copy. Will there be any legal implications if i take the property in auction. Alternately, what precautions need be taken if the owner himself offers for sale after releasing it from bank


 1 Replies

Adv Deepak Joshi +917017821512 (Advocate)     25 July 2018

If the title of the property is clear and person who is selling is sole owner and competent to execute sale deed then no problem legally.

 


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