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Conveyance deed lost by housing finance company


27-Apr-2023 (In Property Law)

Housing finance company has not returned my original conveyance deed even after closure of loan. They are prepared to get me a certified true copy from the SRO after filing FIR, publishing in 2 newspapers, NOC etc. Should I accept it? Can the property be legally sold at the market rate? Will banks give loan to buyers against such documents?

Answers (3)

Answer #1
832 votes
Properties are sold on the certified copy of conveyance deed if original is lost. Where are other chain of title documents if any. Bank gives loan of fully satisfied by the dicuments after verification ofvthe authenticity
Advocate Sonia Sehgal

Adv. Sonia Sehgal

LawRato Delhi | 25+ Answers
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Answer #2
632 votes
All the housing finance Institutions keep the original documents with them at the time of loan disbursal. Now since they've lost it in your case the only recourse that you have is to accept the one that they're handing over to you. This document will be accepted by one and all Govt/non-Govt. Institutes and would serve your purpose for days ahead.
Advocate Anuj Sehrawat

Adv. Anuj Sehrawat

LawRatoGurgaon | 25+ Answers
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Answer #3
932 votes
Loss of conveyance deed is capable of posing a difficult situation. However, since it has already been lost, the said documents would make do. It is highly suggested that you seek consultation for proper suggestions and recourse.
Advocate Puneet Kumar Agarwal

Adv. Puneet Kumar Agarwal

LawRatoDelhi | 100+ Answers
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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.

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