Does bank check for legal verification of resale flat before sale agreement between buyer and seller or after the sale agreement?

Related Questions

• 
  Shyamal Modi
  

  Tax Advocate | Financial Advisor | Virtual CFO . Answered on February 28,2023
  I have sold house property in Gujrat and the buyer has taken bank loan.Bank has given two cheques one for sale deed value and other for extra work in house. How it will be shown in ITR?
  The total amount of both cheques will be considered as your sale consideration.LTCG will be calculated as:Sale consideration - ...
  
  2 0 314
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) . Answered on February 28,2023
  I have sold house property in Gujrat and the buyer has taken bank loan.Bank has given two cheques one for sale deed value and other for extra work in house. How it will be shown in ITR?
  If you have sold a house property in Gujarat and the buyer has taken a bank loan, and the ...
  
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• 
  PGN Property
  

  Real Estate & Documentation Consultant with 21+ years of experience . Answered on July 31,2023
  As a seller, should i provide xerox copy of property documents to seller's bank for application of loan for bank to verify the documents?
  Yes, Bank verifies the original documents and demands photocopy or soft copy of the following documentsParent deedsale deedEncumbrance certificate ...
  
  1 0 411
• 
  PGN Property
  

  Real Estate & Documentation Consultant with 21+ years of experience .
  When should the payment of a resale flat be done, before or after registration?
  Either before or after, but payment mode should be Banker's cheque or DD. Avoid cash and individual cheque. If buyer opts ...
  
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• 
  PGN Property
  

  Real Estate & Documentation Consultant with 21+ years of experience .
  I have lost the original sale deed. Can I obtain a home loan from a bank by submitting Xerox copy of sale deed?
  No, Cannot obtain a home loan by submitting a photocopy of sale deed and photocopy of other supporting documents like ...
  
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• 
  PGN Property
  

  Real Estate & Documentation Consultant with 21+ years of experience .
  Who will retain original copies of sale deed in case of multiple buyers and multiple sellers?
  Buyer retains the original copy of sale deed In the case of multiple buyers, a primary buyer should be chosen ...
  
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• 
  PGN Property
  

  Real Estate & Documentation Consultant with 21+ years of experience . Answered on December 02,2022
  Seller has bank loan of his building. I am buyer, he is asking me pay upfront 20% so that he can close the loan and get original documents for lawyer verification. What I am thinking as a first step get legal report from the lawyer then make sale agreement 200 e stamp then give cheque of 20 laks. Is this correct?
  Yes, your understanding is correct If the original documents are deposited in bank, just the photocopy of documents are sufficient ...
  
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• 
  Balachandran Kollam
  

  Answered on August 19,2023
  5 ആളുടെ പേരിൽ ഉള്ള ഭൂമിക്ക് e district വഴി posession സർട്ടിഫിക്കറ്റ് ന് അപ്ലൈ ചെയ്തപ്പോൾ joint property എന്ന് കമന്റ്‌ ഇട്ട് resubmit ന് വന്നു.എല്ലാ അവകാശികളുടെയും പേര് നൽകിയിരുന്നു.ഇനി കൂടുതൽ എന്താണ് അപ്‌ലോഡ് ചെയ്യേണ്ടത്?
  മറ്റവകാശികൾ  അറിയാതെയാണോ അപേക്ഷിച്ചിട്ടുള്ളത് എന്ന സംശയം ദൂരീകരിക്കാൻ വേണ്ടിയാണ്. എല്ലാവരും ഒപ്പിട്ട ഒരു അപേക്ഷ മാന്വൽ ആയി തയ്യാറാക്കിയത് കൂടി upload ചെയ്താൽ മതിയാകും.
  
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  PGN Property
  

  Real Estate & Documentation Consultant with 21+ years of experience .
  How and where can a power of attorney be prepared by an Indian settled in the US for selling his/her property in India?
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