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Property shows unregistered fro loan what can be done
18-Jan-2023 (In Property Law)
Dear sir/ Madam I am giving the details of my issue. 1.Mr.X has purchased the land property from Mr.Y in year 2002 based on notary but with out registration and constructed the house ,2. Mr. Z has purchased the same property from Mr.X in 2005 based on Notary but with out registration. 3. Mr. Z has given the property to his wife Mrs A as gift registered in 2008. 4. Mrs A has given the property to his son Mr B in 2016. In above 1&2 saledeeds are unregistered. Now we applied for loan on that property for constructing the 2 floors. But legal adviser objected the unregistered saledeeds. Please let us know the solution for this issue. We look forward to your advice
At the time of purchasing your dream house, one of the major problem faced by almost all buyers is to collate information on List of Documents Required for Property Purchase or Home Loan…I also faced same issue and i did lot of research on internet but could not find reliable List of Documents Required for Property Purchase or Home Loan. Almost all articles mentioned just list of 6-7 documents like Sale deed, Sale agreement etc.which everyone knew but since its life time investment therefore it is necessary to know complete list….Even after compiling list another major challenges were to understand 1. What is this document or What this document is all about?
2. Why it is required/relevance?
3. Is it mandatory to have this doc?
4. Should i ask for original or xerox?
5. Is it required for Home Loan or for Property Purchase?
You must have read a management lesson that in order to teach swimming, just push that person in water, this is how i collated list of documents required for property purchase & found out their relevance i.e. i answered all 5 questions in my compilation..For the benefit of my readers, i am pinning down List of Documents Required for Property Purchase or Home Loan (List of 33 documents) though all docs are not required in all cases but this is consolidated list..I will keep updating this list as and when i will come across any other document required but i tried my best to compile 100% List so that its easy for my readers to refer only 1 list.
2. Why it is required/relevance?
3. Is it mandatory to have this doc?
4. Should i ask for original or xerox?
5. Is it required for Home Loan or for Property Purchase?
You must have read a management lesson that in order to teach swimming, just push that person in water, this is how i collated list of documents required for property purchase & found out their relevance i.e. i answered all 5 questions in my compilation..For the benefit of my readers, i am pinning down List of Documents Required for Property Purchase or Home Loan (List of 33 documents) though all docs are not required in all cases but this is consolidated list..I will keep updating this list as and when i will come across any other document required but i tried my best to compile 100% List so that its easy for my readers to refer only 1 list.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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