Anand Money 19 January 2021

Purchasing auction property

If I buy any auction property through any private bank. If any problems arise in future?

Quick Summary

Purchasing property at auction, especially through a private bank, can present unforeseen challenges. It's crucial to verify that the bank has physical possession of the property. Furthermore, ensure the property isn't subject to any ongoing court attachments. Ignoring these checks can lead to significant problems down the line.

3 Replies

Nilesh Singh Bhadauriya (Practicing Advocate ) 19 January 2021

No , There is no issues in future.

Shashi Dhara 19 January 2021

Problem???? Not problem ,series of problems arises,if you are ready to face ,then make mind hard ,participate in auction and buy and invite ?????

raja (owner) 20 January 2021

check list
1. Physical possession of property is with bank.
2. Property is attached to any court.
If the physical possession is not with bank never ever buy auction property.

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Purchasing auction property

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