Everyone should follow: “Buyer Beware”.
Bank is under obligation to conduct proper verification in person, KYC, and mark OSV on each document....................while granting loan. Hope bank has done its verification with you while granting loan.
If you got lured by advt. on internet and got trapped then you are also at fault.
Banks are required to give authenticated copies of documents executed by you free of charge. (cf. para 8.11.1 of Code of bank’s Commitment to Customers)
· letter of offer
· copy of filled in loan application
· copy of loan agreement
· terms and conditions governing the housing loan
· other documents such as schedule of fees and charges
Hoper you have got everything.
Banks usually ask for legal Report of the property from lawyer’s known/on panel and customer pays for it and submits the legal report.
Did you go for legal report and encumbrance document...................
Approach a lawyer as ap with all docs you have and move fast before the website and its promoters that have committed fraud simply vanish.
Find out there whereabouts and legal cases they are involved in and try to be a party since you have been defrauded by them.............................
Lodge complaint with police to get them arrested and there may be a chance that the fraudster may agree to pay you.
Otherwise you are in for a long legal battle.