Description of the property document: a. List of original real estate documents with Home Loan Provider sellers. B. Closing letter with penalty (if applicable). c. If the loan is taken out, then a copy of the closing letter / NOC issued by the bank concerned. If whoever is willing to buy the property you are buying is part of a company, you must get the property moved to you by asking the company to issue the certificate of action and a registration of the transfer of ownership in their books. The share certificate is an important part of the chain of documents you need and must be submitted to the bank while you apply for the resale of home loans. 4) You can terminate the contract if the seller is not clearly and marketable the property property for example in a chain of four houses, A buys B house, B uses the money from that sale to buy C house, and C uses the money from that sale to buy D House. (A chain can be circular. This example becomes circular when D buys A`s house.) All sales in a chain close on the same day. On this day, all the households involved in the chain leave their old homes and move into their new homes.
Ownership document description: It is provided by the institution, i.e. the bank or HFC, which provides loans for the property to establish that the buyer has bundled up and paid his own contribution to the seller. Why is this necessary: For the use of real estate credits, it is imperative for the buyer to pay 20% of the purchase price from his own sources and the bank only allows a credit up to 80% of the purchase value Mandatory: Mandatory Yes in the original: No Required For: Home Loan Description of Property Document: Sale Agreement is executed between the parties for dealing with the property. The sales contract creates a right to obtain a sale agreement mentioning the property. Normally, it sets a time for the conclusion, payment of serious money or partial payment of the purchase reflection. As a general rule, it is a property document that precedes a deed of sale and, in such cases, does not require registration. The sale agreement does not confer any fees or rights to the property. However, in some countries, the sales contract is registered and will serve as a point of sale. For the purposes of real estate credit, it is mandatory to pay a stamp duty equal to 0.10% of the value of the sale contract. A chain when used for the process of buying or selling a home is a consequence of home-related purchases, each depending on the previous and subsequent purchase. The term is widely used in the UK.  This is an example of a vacuum chain.
Each member of the chain is a home sale that depends on both buyers who receive money from the sale of their homes and sellers who successfully purchase the homes they want to move into. Where there is no chain, it is called chainless property, but only 10% of real estate transactions in the UK do not have a chain.  The title search is the process of recovering the chain of documents that document the history of the property. That is what happens in the chancellery. The title report is the written analysis of the property with respect to its description, the names of the owners, the common lease, the tax rate, charges, mortgages, mortgages and property tax. Many home loan lenders do not consider the “title report” to be an essential document, but they may require it for real estate transactions. 1, This is a fairly frequent problem and therefore the buyer`s protection from perspective the corresponding recital/clause must be mentioned in the sale agreement. Description of the ownership document: the supplementary agreement covers any extension, modification or modification of certain clauses of the main agreement. Changes to the main agreement are often necessary, and only the possibility of executing the same agreement is an endorsement. Just check if an endorsement is executed against the main agreement.