Court Property

Only after going thru., the papers it can be advised. Even after purchase of the property obstructor may file an application. So before purchaing the property go thru., the court papers.

1...You can bid the auction. not buy directly. 2... It is not safe at all as you  think, after your DD is recieved by court tha owner may appeal for the price of the property.you purchase deal will be stayed . your amount by the may be transfered to hte decree holdler. It will take years together to recover yor money through court. 3... ther are100% chance for legal dispute if u get the property in cheaper rate.

Hi Patil

thanks for your time and the answers,

1) actually we are going to be one of the bidder and through auction only the rate amount will be finalized. As per my mediator, we've to pay the 10% to participate the bid and after a week we've to pay another 15% DD. If we won the bid it'll be intimated to us and have to pay the balance amount with in 15 or 30 days.

2) As per my mediator, there is no way of relation to the land owner and the debt is more than his property and the decision of court is final with regards to the bid to amount.

3) As rajeev said, we'll get the papers before the auction to verify with the lawyers. in that case, am i be in the safer side.

your valuable comments are appericiated.

Regards,

Jay

There must be a decree. an order of the court to sale the property and recover the amount. the certified debter will be also there . He will definately raise the objection for price. pl. clear the meaning of court"s property.

Hi Patil,

thank for your support, in my case debter is a bank, i mean already he pledged to get alon for that property.

As per my mediator the auction amount will be finalized by the judge then any one else.

i'm based out of chennai, can any one from chennai also please comment and give your valuable suggeston.

Thank you

Jay

 

dont go for such property, it is for those who r used to fight letigations.go for clear title from seller.call