Tag: Property Auction

Auctioned property is a slightly riskier investment and as such, needs to be diligently investigated before the purchase is done. Here is what you should keep in mind In the event where a home owner defaults on the loan taken, the lender is entitled to legally repossess the property. Such repossessed properties are ultimately sold through physical or electronic versions of auctions. Before you decide to buy such an auctioned property, here are the precautions you need to take. Outstanding municipal tax and society dues Generally, the default in payments of EMIs…