Before purchasing any sites especially agriculture land for non agriculture purpose approval under relevant laws viz. Karnataka Land Reforms Act, 1961, the Karnataka Land Revenue Act, 1964 along rules and other provisions of law is must. And Bangalore Metropolitan Regional development Authority (BMRDA) is regulating authority to approve layouts on outskirts of Bangalore.Clear title and documentation are hard to come by with agricultural land of Bangalore (Karnataka). The following is a useful checklist of documents for review by a Bangalore law firm / lawyer before purchasing Agricultural land:Mother deed and sale deed: It is very important document to trace the ownership of agriculture land. And it is basic document that shows how the property at the commencement was acquired there after there will be series of transactions such as sale gift law in Bangalore etc. Akarbandi: Land topography sketch issued by State Revenue Authority viz. survey department. It establishes the survey number and to whom the particular survey number was originally allotted and the land / property revenue assessment details. Encumbrance Certificate: Certificate from State Revenue Authority stating that there ... Read more..
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The following are the documents required for purchase of Converted Revenue Lands: 1. Conversion Order issued by the Deputy Commissioner. 2. Conversion amount paid receipt. 3. RTCs for 30 years issued by the Village Accountant. 4. Tax Paid Receipts issued by the Village Accountant. 5. Documents of ownership. 6. Mutation Register Extracts. 7. Akarband/Tippani/Podi Extracts. 8. Surveys/Boundary Map. 9. Village Map. 10. Nil Tenancy Certificate. 11. Confirmation from the competent authority that there are no acquisition proceedings. 12. Layout Plan Approval by the competent authority. 13. Khatha Certificate issued by the Revenue authority. 14. Latest Tax Paid Receipts. 15. Encumbrances for the last 30 years. 16. Power of Attorney (if any) 17. Zonal Regulation Map. IV Business Development Authority (BDA) Sites Legal Documents required for purchase of Business Development Authority property: 1. Allotment Letter. 2. Receipts of payment of site value. 3. Lease-cum-Sale Agreement. 4. Possession Certificate.5. Absolute Sale Deed. 6. Khatha certificate (from the Business Development Authority).7. Khatha certificate (from Bangalore Mahanagara Palike if the property comes within the corporation revenue jurisdiction). 8. Latest Tax paid receipts 9. Tax ... Read more..
At the Feldman Law Center, our loan modification attorney team keeps their eye on all mortgage loan modification news in order to properly inform and education every client we work with. Our California loan modification company works hard to provide top notch advice as well as a skilled legal ability to get you the best loan modification agreement possible.Recently, the federal government has been paying far more attention to the loan modification process than they have in the past. The Federal Deposit Insurance Corporation (FDIC) and the Federal Housing Administration have rolled out plans over the last year to combat the rising foreclosure proceedings. The FDIC loan modification program and the FHA loan modification program have received some heavy criticism from large financial institutions such as Moody’s Investor Services. In a recent Moody’s report, the FDIC loan modification program may eventually reduce cumulative losses for mortgage loans involved in the subprime mortgage crisis. The FDIC loan modification program is designed to help more people get quality loan modifications by creating a streamlined framework with key incentives, including: a loss-sharing arrangement ... Read more..
The world of loan modifications is ever changing, and proof positive is the federal government’s ever-expanding role in influencing banks to offer loan modifications. It was recently reported that the government is frustrated with the progress of their federal loan modification program, and are trying to influence major banks to increase the number of loan modifications for homeowners. Of course, increasing the number of loan modifications means relaxing the standards which they are currently using to allow for mortgage loan modifications.Banks such as Bank of America, Citigroup, J.P. Morgan Chase and Wells Fargo were all summoned to a meeting in Washington, D.C. to discuss ways to improve the federal loan modification program, which was announced in February 2009. The Obama Administration put a great deal of effort and hope into the program, but it has not yet produced the kinds of results people thought it would. The administration’s goal is to complete 500,000 trial loan modifications, although some analysts fear this is far too optimistic. The government has discussed ways to expand the program, including ways to simultaneously modify mortgages ... Read more..
Feldman Law Center - Loan Modification News by Feldman Law Center -- Part of Obama's plan to overhaul regulation of the mortgage industry, unveiled last week, would create a Consumer Financial Protection Agency to monitor consumer financial products and change the entire process of getting a mortgage. With a stated goal of developing a mortgage process that is as simple as signing up for a retirement plan, the President’s proposal centers on an automatic offering of a “plain vanilla loan” to potential homebuyers. These loans would offer fixed interest rates and 30 year maturities, unless the borrower opts for a loan with riskier terms such as interest only or adjustable rates. The plan has received vehement opposition from the mortgage and banking industries who say that government-approved mortgages would restrict borrowers' options, make loans harder to get, and make them potentially more expensive. Powerful trade groups like the American Bankers Association, for example, oppose creating a consumer financial protection agency. Even lobbying groups open to the idea of a consumer-products regulator question whether the government should suggest which mortgages are ... Read more..
