• We are Authorized Recovery and Enforcement agent in all the major banks in Chennai.
• Buyers who are interested to buy the property should strictly sign in the MOU form (Memorandum Of Understanding) before the verification of documents in the particular Bank
• We charge 2 % on the sale consideration (if applicable).plus possession eviction charges (if applicable) Out of which 1 % has to be paid by the customer at the time of Auction sale confirmed (if applicable). Balance 1 % has to be paid at the time of registration of the property(if applicable).
• Our service starts right from site visit till the registration of the property and handing over the possession to our customer.
Bank properties are 10-40% less than the market price. The price mentioned is not the final price. It can be increased during the auction.
The payment is fully white and accountable. There is no black money transfer in bank auction properties.
The bank is the only owner of the properties that have come to auction. All signatures in the sale certificate when you buy the property will be signed by the bank Authorities and not the borrower. The Borrower is no more the owner once the property is mortgaged. As per SARFAESI ACT 2002, the borrower’s sign in the sale certificate even as a witness is invalid.
