FAKE HOME LOAN CASE – CBI COURT CONVICTS VIJAYA BANK OFFICIALS AND THE BUILDER AT BANGALORE


The CBI court has convicted 10 persons, including a city-based builder and three former senior officials of Vijaya Bank, in a fake home loan case, on Thursday.  Builder KA Subramanya of SCT Builders and Developers, from Viman Nagar in Kaggadasapura, is the main accused in the case, and was found guilty of colluding with three … Continue reading FAKE HOME LOAN CASE – CBI COURT CONVICTS VIJAYA BANK OFFICIALS AND THE BUILDER AT BANGALORE

Resale Apartments and Resale sites – is it safe? Maja Talkies apartment stories!!!


There are many apartments which are for resale, financed by Banks and marketed on internet and through agents. The buyers of properties are under MISCONCEPTION that the titles are good and there is no need to check the titles and buy it without proper and due diligent scrutiny. Some financial institutions, learning upon the defaulting … Continue reading Resale Apartments and Resale sites – is it safe? Maja Talkies apartment stories!!!

REGISTRATION VALUE OR THE GUIDANCE VALUE OF THE PROPERTIES REGISTERED – TAX EVASION – PENALTIES – TAX EVADERS GOT RED HANDED – RBI -INCOME TAX DEPARTMENT – STAMPS AND REGISTRATION DEPARTMENT – STAMP DUTY EVASION – PENALTY – 10 TIMES THE TAXES EVADED


In a bid to reduce or evade the stamp duty at the time of registration, the buyers and the sellers of the properties, have not SHOWN  the real sale price or consideration in the registered sale deed, but 90% of the buyers have borrowed money or availed institutional finance under HOME LOAN scheme, have falsified … Continue reading REGISTRATION VALUE OR THE GUIDANCE VALUE OF THE PROPERTIES REGISTERED – TAX EVASION – PENALTIES – TAX EVADERS GOT RED HANDED – RBI -INCOME TAX DEPARTMENT – STAMPS AND REGISTRATION DEPARTMENT – STAMP DUTY EVASION – PENALTY – 10 TIMES THE TAXES EVADED

Home Loan affidavit- General Format


  DECLARATION CUM INDEMNITY BOND AFFIDAVIT CUM UNDERTAKING  We, (1) ______, W/o _______,  aged __ years, (2)  _________, S/o ______, aged __ years, all residing at _______ do hereby solemnly affirm and undertake as follows:- We have availed  a Housing loan of Rs. ________/- for the purchase of the property and for the building construction … Continue reading Home Loan affidavit- General Format

DECLARATION CUM INDEMNITY BOND SIGNED BY THE HOME LOAN BORROWERS


HOME LOAN BORROWERS ARE UNAWARE OF THE FACTS THAT AT THE TIME OF AVAILING THE HOME LOAN EITHER FOR THE PURCHASE AND CONSTRUCTION OF THE HOUSE(COMPOSITE LOAN) OR FOR THE PURCHASE OF THE HOUSE OR APARTMENT, A DECLARATION CUM INDEMNITY BOND WILL BE SIGNED AS PER THE DIRECTIVES OF THE RESERVE BANK OF INDIA, WHICH … Continue reading DECLARATION CUM INDEMNITY BOND SIGNED BY THE HOME LOAN BORROWERS