The documents required are:
The buyer and the seller along with their respective agents sign a MoU, which states the time for completing the property transfer. The buyer generally issues a 10 percent down payment check in the name of the seller that is held by the seller's agent. It is cashed only if the buyer backs out of the deal.
Step 3: Apply to get the final approval letter from the bankThe buyer then needs to send the following documents to the bank to obtain a final approval letter:
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