Points to keep in mind while buying property in an auction / e-auction from Banks/NBFCs
Banks or Non Banking Financial Institutions (NBFCs) funds loans against property purchased in auction taking property as a collateral security. In case of default in repayment of loan as pre- decided and agreed by borrower, Banks or NBFCs, auction property after reasonable reminders as mentioned in SARFAESI Act. So buyer should understand points that need […]