What are the documents to be collected from bank after home loan closure?

You should make it a point to collect all the documents presented to the lender at the time of availing the loan. Some of these documents include the sale deed, title deed, loan agreement and power of attorney. You also need to ensure that the documents are in good condition, with all the pages intact.

How do you release documents from a bank?

1. If the bank has sought a succession certificate then to obtain it a petition has to be filed in the court of District Judge. The court will issue a general notice to invite objections to the petition, and if no objections are received then you can expect to get the succession certificate within 6-8 months.

How much time do they take to return the original documents after closing a home loan?

Borrowers who have paid off loans often complain that their loan documents or security related documents have not been given back to them. “Within 15 days of the closure of loan, documents will be returned to the customer,” said the Finance Minister.

How do I release mortgage property from my bank?

AT THE BANK

1. Take possession of all the papers.
2. Get an NOC.
3. Get your CIBIL report updated.
4. Get the lien withdrawn.
5. Get an encumbrance certificate.

How can I write a letter to bank manager for submission of documents?

How To Write a Letter to The Bank Manager?

1. Include the name of the bank and the branch where your account is held.
2. Ensure to add a subject line in your letter.
3. Also, make sure that the subject line is concise and on point.
4. You may also be required to provide your name as per the bank records.

Can a property be sold with photocopy?

It’s alright to give a photocopy of the sale deed to a potential buyer. In fact, without sharing that, he/she cannot make an informed decision, so they need it. Do not give away the original under any circumstance. This answer is not a substitute for professional legal advice.

Who holds the deeds to your house?

The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time.

How do I prove I own my house?

Proving Ownership. Get a copy of the deed to the property. The easiest way to prove your ownership of a house is with a title deed or grant deed that has your name on it. Deeds typically are filed in the recorder’s office of the county where the property is located.

What is the time limit for the registration of property documents?

Time limit, fees for property registration Documents that have to be mandatorily registered, should be presented within four months from the date of their execution, along with the requisite fee.

What is the registration fee for property documents in India?

The signatories also have to furnish the power of authority, if they are representing someone else. The registration fee for property documents is 1\% of the value of the property, subject to a maximum of Rs 30,000. Failure to register the purchase agreement of a property]

How to take care of the property registration?

Take a lawyer’s assistance to take care of this part of the transaction, too. It is only after paying stamp duty and registration charges that an appointment is taken at for property registration. Documents: Along with the property document, keep close to you at all times your Aadhaar and PAN Card.

How to register a property under the stamp duty ready reckoner?

You need to present the property card to the sub-registrar, along with the original documents and proof of payment of stamp duty. Before registering the documents, the sub-registrar will verify whether adequate stamp duty has been paid for the property, as per the stamp duty ready reckoner.