Auction Property

Property through bank auctions People mortgage their properties with banks to avail loans. The banks have the right to recover the mortgaged properties from a defaulted borrower. The recovered properties are sold subsequently sold by bank through auction. The bank thus recover the dues and if there is any excess realised through the auction, then […]

Buying a property at an auction differs significantly from traditional property buying process. A home owner or home loan borrower might default repayment of home loan or Loan against property and the property has been taken back by the lender in foreclosure. Once the lender owns the property, it can choose to sell it with […]