News By Tag
* Property Auctions
* Buy House / Flat
* Bank Auctions
* Non performing assets
* online E-Auctions
* More Tags...
News By Place
BankAuctions.IN- One among the 7 E- Auction service providers in India for sale of NPA's of Banks
BankAuctions.In is one among 7 , E – Auction service providers in India. 13 Public sector Banks & FI's are utilizing our online e-Auction services for selling non performing assets. Investors may Buy properties online @ 25 to 30% discount.
By: BankAuctions.IN & Foreclosureindia.com
According to Ministry of Finance, Government of India directives All auctions of immovable properties, under 'The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, shall be carried out through E Auction only to ensure a free, fair and transparent process. All DRT's are conducting E Auctions to sell secured assets. As of now, around 45 Banks have adopted to E auctions for selling of some of the Non performing asset’s. Foreclosureindia.com has started secured portal BankAuctions.IN for providing E auction services to all Banks.
BankAuctions.IN is one among the seven e – auctioneers in India. So far, thirteen Banks / Financial Institutions, i.e State Bank of Hyderabad, Central Bank of India, IDBI bank, City Union Bank, Indian Overseas Bank, ING Vysya Bank, Corporation Bank, Karataka Bank, RELIGARE, CGG Bank and APGVB are conducting e auctions with BankAuctions.IN. “e publicity “ is being done thru foreclosureindia.com and selling properties with 60 % success rate. Several Banks have given testimonials as Commandable, Excellent & Good.
Please visit BankAuctions.In to know about how to participate in e auctions (https://bankauctions.in/
ADVANTAGES OF BUYING PROPERTIES THROUGH BANK AUCTION ARE ....
1.PRICE ADVANTAGE:At least 25 % cheaper than market price.
2.LEGALLY SAFE: Since Banks / Financial Institutions have given loan after verification of all the legal aspects only, these are 95 % legally safe.
3.CREDIBILITY OF SELLER: You are buying from a Bank / Financial institution, which is authorized by Govt. of India to sell such properties.
4.FIXED TIME FRAME: Entire transaction will be over in less than two months period.
Please register into our website (http://foreclosureindia.com/
For more information about the property you are interested, Pl mail us (http://foreclosureindia.com/
Please Contact us for any further queries in buying Bank Auction properties through e auctions. On Phone: 0 8142 0000 62 / 3