Can I apply Home loan with GPA and not the home registration

munda_kamaal80 · #1 Jul 12, 2007, 02:55 AM

i want to apply for a home loan but the home is registered on the original buyer. He cant transfer the registration, but can give me GPA. The house is in India and new registrations in that state have been stopped for some time. Can i apply home loan based on GPA(Power of attorney)? If yes where can i apply for that?

RichardBondMan · Jul 12, 2007, 03:07 AM

Quote:

Originally Posted by munda_kamaal80

i want to apply for a home loan but the home is registered on the original buyer. He cant transfer the registration, but can give me GPA. Can i apply home loan based on GPA(Power of attorney)? If yes where can i apply for that?

We need some more info, clarification from you. Vehicles are "registered" while real estate records are usually records in real estates records of local counties (or parishes if you are in Lousiana). I do not know how nor why you would want to take out a loan on something that you do not own it nor why the person who person who is in possession would offer to sell the property if he/ she is not the owner or have someone else take out a loan. I understand that a person who has a "general power of attorney" perhaps can sell property if the power lists real estate, a mobile home or a vehicle or other such property... we just need more specific info on the circumstances.



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!