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noc required to sale mortgage property sale from lender bank.
29-Apr-2023 (In Property Law)
my commercial property is mortgage with bank ,want to SALE have given purchaser letter to bank for shown interest to purchase my property along with advance cheque.purchase want to take loan on same property and need noc from bank to sale the property.he will take loan from his bank and transfer the amount to release the property from mortgage.bank is not giving noc to sale.pls guide.
With reference to your query
please ask the purchaser to obtain the pre sanctioned loan based on the income of the purchaser and their after put the proposal to your bank. thereafter you make an application to the bank informing that you intend to sell the property. if the purchaser is willing to take the loan from your current bank I don't think the bank should hesitate in giving any consent for the sale
regards
please ask the purchaser to obtain the pre sanctioned loan based on the income of the purchaser and their after put the proposal to your bank. thereafter you make an application to the bank informing that you intend to sell the property. if the purchaser is willing to take the loan from your current bank I don't think the bank should hesitate in giving any consent for the sale
regards
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Adv. Neelkanth Goswami
Thane | 200+ Answers
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Can a mortgaged property in bank be sold?
1. Mortgaged property cannot be sold or disposed of without written consent from the Mortgagee. 2.
What is a NOC in mortgage?
A No Objection Certificate is a document that is issued by a bank or housing finance company to the customer declaring they have no outstanding debts with their lender. An NOC, also known as a "No Dues Certificate", can be obtained by the lender after the loan is paid in full.
How do I get my NOC from bank after loan closure?
After youve made all of your outstanding payments on your home loan, you must write to your lender and ask for all original documents, copies of invoices, and an NOC. The documents and NOC will usually be returned within a few days.
How can I get NOC certificate from bank?
The No Objection Certificate (NOC) is a legal document that is issued by the relevant authority. You will need to submit a request for an NOC for the closing of your loan documents.
A No Objection Certificate is a document, proof, or certificate that documents that the property being sold is not subject to any contract, mortgage or lease. The NOC is another name for a no-objection document.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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