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saurabh (assistant)     10 November 2011

Buy a bank sealed auction flat

Dear All,

I want to buy a flat which is sealed / taken over by IDBI Bank because of non payment of EMI of home loan.

I have seen the flat and found ok. But i dont no what steps to be taken before buying this flat. Can you please help me out. please help me on below topics.

1- What are the document i have to check before buying.

2- How can i get to know if loan has taken from another bank also.

3- How can i verify the documents. 



Learning

 3 Replies

adv. rajeev ( rajoo ) (practicing advocate)     10 November 2011

Verify all the documents pertaining to the property.  And also verify what is the bank load

saurabh (assistant)     10 November 2011

Sir,

Thank you for your responce, but i dont know what are the documents to be check and what is the meaning of bank load.

 


(Guest)

It can be a good move as property papers must be perfect. Secondly the property will very inexpensive. Find out what's the loan amount.


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