I recently bought flat in public auction (with SARFAESI Act proceedings) from one of the financial organization and would like to know below for smoother registration process.
1. Who will prepare & register sale deed with transfer of ownership from borrower to me ( buyer) . Is it credit securer or Buyers responsibility (Or is it sufficient if we register only sale certificate for ownership transfer and no sale deed registration )
2. They did not mention about possession status (whether symbolic or physical) in auction notice. But, I visited house and it is seized by secure creditor. Is this fine or do I need to ask for any document evidence for physical possession
3. Will there be any possession certificate ( apart from sale certificate) issued to buyer once sale confirmed and executed