Document ready
If you also plan to buy a house, prepare a document. Let me tell you that this auction includes both commercial and residential properties. This is a property that is already on the default list.
The default property is auctioned
Importantly, if the owner of the property has not repaid his loan and is unable to repay the loan for any reason, then the bank takes possession of the property. SBI periodically auctions such properties. He sells the property and collects the loan amount.
SBI tweeted
State Bank of India has informed this by tweeting. Beck wrote in a tweet that if you are also searching for a property for investment, you can register in SBI's e-auction. Visit a link for more information.
Here are the things to look for when selecting yours:
SBI has kept the mortgage assets of these defaulters through this e-auction and has also advertised it on its social media handle.
The bid value will be less than the actual market value. During the mega e-auction, individuals will have the opportunity to bid for residential, commercial and industrial property.
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Apart from that EMD will be required for the property.
Every document related to KYC has to be submitted to the branch.
The bidder will submit the EMD deposit and KYC documents to the concerned branch and then send it through the registered log-in ID.
The auction will take place on this day
758 residential and 98 commercial in the next 7 days
3032 Residential and 410 Industrial in the next 30 days
For more information visit this website
bankeauctions.com/Sbi;
sbi.auctiontiger.net/EPROC/;
ibapi.in; and
mstcecommerce.com/auctionhome/ibapi/index.jsp.
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