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House being sold in auction, can one of the legal heirs buy it ?
26-Jul-2023 (In Property Law)
Hindu There are 3 sisters and 2 brothers. The house is being sold through auction. Can one of the sister or brother can buy the house in auction totally and pay the amount payable to the rest of the members.
If you are ready to pay the due amount, you can bargain with the Manager and reach One Time Settlement and then pay the amount and close the account. There is no need of auction.
If One time Settlement is not fruitful, then auction will be conducted and first preference will be given to co-heirs. Finally the decision will be of the Bank.
If One time Settlement is not fruitful, then auction will be conducted and first preference will be given to co-heirs. Finally the decision will be of the Bank.
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Adv. Ravinder Pasula
Hyderabad | 100+ Answers
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