I have purchased a propery from Indian Overseas Bank through Reputed Agent of auction Properties. The property is in symbolic possession with the bank. I had paid 25% of the total value through a cheque directly to a bank in favour of the owner bank account no. and remaing is still pending to pay, will the bank get the physical possession from the borrower and hand it over to me(buyer) after a balance payment ? is there still any possiblilities of claim by original owner.
Anjan