How to buy property at a cheap price In India ?
Today I will tell you about foreclosed properties and how you can buy them for lower than the market price. Trust me it works ! What is the meaning of Foreclosed Property ? Many times, banks seize the properties when their owners fail to pay their EMI payments for a long time. These properties are called “foreclosed properties” and banks put them for sale in the auction in order to recover back their dues. Once the properties are seized by banks, they are the rightful owners of the property under the Sarfesi Act and they have 100% legal rights to sell off these properties. These properties are mainly sold below the market price because the focus on banks is mostly to recover bank their dues and not to make profits. So you can strike a very good deal if you are ready to go through the process of buying foreclosed properties. Advantages and Disadvantages of Buying Foreclosed Properties : Competitive Price Advantage : Auction properties are approximately 20-25% chea...