KABERI DAS SARMA (ADMIN OFFICER) 14 June 2011
Dear Sir :
Should I go for a bank auctioned property wherein bank has not taken possession & the borrower is still residing in the said property. Some nationalised bank is selling the property AS IT WHEREIS BASIS.
Will it be very difficult for me of taking possession in case I purchase the said property ?
Please advice.
Regards,
D Sarma
RG (VP) 14 June 2011
Dear Mr. Sarma,
You should have the bank evict the borrower (current resident) and then hand over the possession to you, to avoid all scenarios.
Regards,
RG
bhagwat patil (Property due diligence 9422773303) 15 June 2011
It will be not easy to evict the the borrower. It is the exprience that as soon as the bank recieve the loan amount the bank doesnt cooperate you have to go for civil suit and face lagal system.
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