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Wants to buy a property which falls under SARFAESI act
29-Nov-2023 (In Property Law)
I need advise on buying a property which is in symbolic possession by the financing institution
Possession is most important part of sale transaction...unless and untill financial institute acquire exclusive possession over mortgaged property it is not advisable to take interest therein....let the financial institute obtain actual possession and thereafter go for purchase...
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Aadovcate Prakash More
Kolhapur | 25+ Answers
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With reference to the above statement, first of all we required more details to advise, we do provide services for any kind of property related issues, hence kindly contact us to get solutions for your issues.
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Adv. Anil Gaikwad
Navi Mumbai | 100+ Answers
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You can buy it. Verify that the district Magistrate has passed the order in favor of the financial institution having the symbolic possesion. Once you have all the relevant papers then you can proceed.
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Adv. Ramgopal Aiyer
Navi Mumbai | 200+ Answers
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