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uday (no)     02 April 2012

Bank auction property - legality

Is Buying Bank Auction Flats are legal and documents provided by bank are valid.

What  all documents, we need to collect from Bank.

What will happen to chain of agreements if they are not available. In this case, what is the solution.

After buying auction property, is that owner or any other institution or any other person can claim any rights on the flat.

If I want sell this flat lateron, is that any other bank will provide home loan to new buyer. 

Please note that this auction flat is through bank through DRT and with proper public notice for 15 days.

Please raise any other issues not mentioned above. Please guide.

 



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