Description
EC Certificate
The lender will place a lien to the home if any property is acquired using a mortgage or if it has been pledged. As a result, the property owner will be unable to sell the home until the mortgage is settled.
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EC Certificate
It is crucial to investigate any potential legal issues before purchasing a home. If you’re wondering how, as a buyer, you may acquire this data, an Encumbrance Certificate (EC) will enable you to discover whether any charges have been established on the property.
In India, one of the required papers needed in the sale of real estate is the encumbrance certificate. It serves as proof that the property is legally owned and has a clear title. The encumbrance certificate can be used to determine if a property is free from debts when someone is buying a home. The possession of the entire property and the absence of any debts are guaranteed by this encumbrance certificate.
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