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Banks check record of builder before sanctioning a loan

Banks check record of builder before sanctioning a loan

Wednesday, March 8, 2017, 6:47 PM

Banks may refuse you a loan if the builder of the property is not in the good books of the bank. Banks go through all records of the builder and the property in question to ensure that there are no legal issues. If you are seeking a loan for a property that doesn’t have a clear or marketable title, you could face rejection.
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