Ion Beam Sputtering Systems Market 2018 – Key Players Juan Thornhill Youth Jersey , Business Strategies, Trends and Outlook to 2023 by janetstalter · June 4, 2018
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Posted by shreekantrao89 on January 20th, 2017
1) Get back all the original documents
Once you have made all your payments, the Bank or Housing Finance Company will likely give you the original documents. You should make sure that all the documents you submitted with the bank when taking the loan are returned. Usually it will be the Title Deeds and Mother Deed (if applicable).
Don’t just check for document alone. Make sure that all the pages are present in good condition as well. I have seen instances where last page of sale deed went missing. In that case you need to arrange for the missing page which is a tedious process.
Make sure all the pages are intact in front of the bank official before signing on the acknowledgement of the bank.
Once you sign, you can’t undo it and banks usually won’t be responsive in this regard. It is usually a good procedure to obtain the documents from bank by visiting them than request documents by courier.
Tip: Once you get the originals scan them and keep a soft copy in a safe place.
Also read: Documents to check to avoid fraud when buying house
2) Obtain No Object Certificate
NOC or NC is a No Object certificate which is a clearance certificate from the bank or housing finance company. This states that the Bank does not have any more interest in the property and its cleared by the bank after removing all hypothecation.