LawRato

Builder made common agreement of 2 flats bank asking original for loan


18-Jul-2023 (In Property Law)
I am planning to buy one resale under construction property in Pune from a Investor, but now investor has done a single common agreement with builder which is common for 2 flats (301 & 304), Now out of which im buying one flat (301) & other flat (304) to other buyer. now bank is asking for original copy of agreement between Investor & builder for approving my loan, but that copy is already submitted to SBI bank by other buyer of flat 304. kindly suggest what is the way-out.
Answers (2)

Answer #1
795 votes
The seller cwn get the the encumbrance certificate from the bank that they have only mortgaged the flat No. 304 and that they have the original documents of both flats wnd flat 301 has no liabilities of the bank. You can advertise the same in two leading newspaper and get title certificate from any lawyer for clear title.
Answer #2
705 votes
You can have certified copy of the same . since certified copy and original copy have equal value. If you want certified copy then you can contact me i will help to get it since i am practising in pune for property matter since last 12 years. You can google search for property registration in pune u will get all my details.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."