Bank

swamy (Querist) 21 August 2016 This query is : Resolved
I bought house in nationalised bank e auction. When doing auction bank authority told me we took symbolic posession. After v give u physical posession. I purchased in 2014 but still today I didn't get the house possession. But I paid full cash. defaulter Is staying in the home. Now bank authority is telling. As is where is what it is on that basis v sold u. You take possession on your risk.?
Whom I need to approach?
For this loss mental agony what are claims I can claim ?
Bank given sale confirmation letter. Should I register in sub registra office?
Expert advice required.. With full thanks from my side...

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Kumar Doab (Expert) 22 August 2016
'Buyer Beware' applies to property deals.

Did you keep copy of the advertisement, T&C advertised by bank, kept in office, auction site etc.................?

Do the T&C state 'As is where is what it is '?

Did you consult your own counsel for legal opinion before auction/making the payment?

adv.bharat @ PUNE (Expert) 22 August 2016
Author need to explain the query raised by expert.

If u share details then we could definately help u.
Thanks

Rajendra K Goyal (Expert) 25 August 2016
The Bank was having symbolic possession not actual.

You have to take help of law for actual possession.

Kumar Doab (Expert) 25 August 2016
Can bank even initiate auction without actual possession?

You certainly need to engage a very able counsel specializing in such/banking/property/consumer matters.

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