90,000+ Legal Questions Answered
Auction from Bank Properties
1 year ago
What are the legal aspect which should be check before taking any properties through auction. Where are the chances of fraud. What should be verified before purchase of auction properties.
A.Dear Sir,
In the recent days, It is not advisable to purchase properties under public auction by Bankers. Because, such properties being involved in many cases having obtained loans from Different Banks. If u r ready to face the litigations and if the purchase price is 50% of the market price, then u may go for it.
In the recent days, It is not advisable to purchase properties under public auction by Bankers. Because, such properties being involved in many cases having obtained loans from Different Banks. If u r ready to face the litigations and if the purchase price is 50% of the market price, then u may go for it.
Helpful
Helpful
Share
A.Dear Client
You should see the document presented at the Time of auction afyer that you can bid.
Hope it help
You should see the document presented at the Time of auction afyer that you can bid.
Hope it help
Helpful
Helpful
Share
Read Related Answers
Inheritance Rights Dispute Over Mothers Property in Bengaluru
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. After t...
EWS Certificate
Dear Client,
The death certificate of a deceased person is a crucial document that is mandatorily required for the issue of a legal heir certificate either by the Municipal Authority or to apply for a...
POA from SriLanka to India citizen Resident Indian
Dear client,
If the seller of the property is not now in India, he can still execute a POA abroad, but the process is slightly different. His first step is to visit the Indian Embassy or Consulate in...
Darkast agriculture land sale
Dear Sir,
If there is perpetual restraint from selling the land then the grandson cannot sell without the permission from the Deputy Commissioner. The conditions in the Darkasth to be read.
Mutation of property in authority records based upon registered gift deed
Dear Sir,
Yes, the mutation will be taken place as jointly in respect of your respective wives. You have to produce certified copies of both the Gift Deeds.
Read Blogs on Property
Property Lawyers
Find Lawyers by Location