POSTED BY June 25, 2014 5:57 pm ONE COMMENTON
My loan has been sanctioned and the DD for the amount is ready with sbi. I was called to submit the final documents to the Bank when we noticed that the agreement copy of the first buyer was not original. The seller has handed over a true copy which bank refuses to take. Seller does not have the copy as well.
Bank has taken a stand that unless the original copy is submitted they will not handover the DD to seller.
My question is why was this not informed to us earlier when Search report was taken.
What is the way out of here. If I cancell the loan I end up losing charges paid for processing, Mortgage, etc.