Housing loan in a Nationalised Bank. ~ bulls$treet

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Note:This post is written by Mr.Vijaya Raghavan sampath in facebook group.We thank to Mr.Vijaya Raghavan sampath for writing this post.We wish him all the best.

I have taken a Housing loan in a Nationalised Bank. Before disbursement, the Bank had created Mortgage of Deed (MOD) registered with Registrar office, totally 100% @my cost. Spent thousands of Rupees for this. Ok.

Recently I have closed this loan. Now the Bank is advising me to cancel that MOD created earlier with Registrar, again totally at my cost. So, I need to spend again thousands of Rupees for cancelling MOD.

I feel it is not justifiable. If Bank

can spend atleast 50% of MOD creation expenses from their side, which is a good safeguard to their loan. Let cancellation of MOD be fully met by borrower.

But I doubt, Banks will not spend any amount on both sides.

Despite this careful and cautious attitude of bank, I have come across below news to my surprise and shock.

"A Nationalised Bank at Trichy had disbursed a Housing Loan against, said to be constructed a pucca building, after created a Mortgage of Title Deeds. After certain period, during inspection by New Manager, it was found out there is "no such Building at all" in that area.

A Cinema scene acted by comedy actor Vadivelu really depicts this Bank' s Fraud. (Searching a missing Well- கிணத்தைக் காணோம்)

My questions are :-

A) How the legal opinion was obtained for fake Title deeds?

B) How the Registrar office registered earlier Fraud deeds?

C)How the Registrar office created MOD in favour of Bank with Fake Deeds?

D) Above all, how the Bank's Engineer had given Valuation Report for 'No Building'?

E) How many officials involved since beginning of this deal? How this was maintained till inspection by the new Branch Manager?

Likewise, we can go on asking so many questions which reflects nothing but Corruption and Coalition of all responsible officials?

Dear Friends: Please share your views, comments and suggestions in the above incident/as well as for Bank's sharing of MOD expenses.

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T.A.Vijey

T.A.Vijey, who started his journey in Indian equity markets with just Rs 1000/- in 1981 started picking multibaggers at his school days. His investments have given him a return of 1000% and even more.. A self-made man who loves writing books when he is not analysing Q.Nos from the balance sheet or media news. He learned his biggest lesson of life during the Harshad Mehta crash, Ketan Parekh scam and Satyam computer crash which is trading in equities. T.A.Vijey has been known for his "Option trading" with his own strategies in option trading which could create a huge amount of wealth for investors in derivative market. He has mastered the knack of standing out from the crowd to provide a lateral view of the markets. Although, he has most of his investments in penny stocks,midcap and smallcap stocks. Vijey is qualified with masters degree in Engineering from NIT,also qualified with NISM,NCFM and certified as market professional by National Stock of Exchange of India, and he has rich market experience of over 40+ years and has founded ‘bullsStreet’ which is now managed with a team of engineers from National Institute of technology and Anna university His first investment was an IPO where he was allotted 100 shares of Caplinpoint which was issued at par Rs. 10/- but reached a high for trading at Rs. 1000/- (which translates into a return of 9000%). The first worthwhile multibagger investment by Vijey was in SAIL at around Rs. 3.35 which gave him huge profit while it was climbed to Rs 285/- level. His few multibaggers stock picks include names like SEinvestments at Rs. 19 which reached over Rs 1000/-along with bonus shares of SEpower, Eicher motors at Rs. 16- which reached over Rs 36000/- and many more, Natco pharma which returned nearly 20x, Panclothing consolidated 45x, Ashok Leyland 900x to name a few.SELMC recommended at Rs 1.35 reached above Rs 1706 in one year.Ruchisoya recommended at Rs 17 reached Rs 2500 in few months.Jaicorp recommended at Rs 15 reached Rs 15000 in one year. He loves trading in option segment and metals in commodity segment.He has his own trading strategies known as ‘twin snakes method’ which will be ideal trading tricks for Nifty and Bank Nifty futures trading. He conducts online / correspondence courses for potential investors who wish to make money in Option trading. He also gives higher level trading tips through whatsapp in 'bullsStreetCasino' in which double money profit,triple money profit,mini jackpot & occasional jackpot profit tips may be given to subscribers of 'bullsStreetCasino'

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Housing loan in a Nationalised Bank.

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