Defaulter Status Check for Auction:
When participating in auctions, it’s crucial to ensure that these are free from any defaulter status or legal encumbrances. Our defaulter status check service specifically for auction properties, thoroughly investigates the history of the property to identify any outstanding debts, loans, or legal issues that could potentially impact the transfer of ownership. This due diligence process aims to provide confidence to the bidders and mitigate potential risks associated with acquiring auctioned properties.
Document Verification for Auction Properties:
Proper documentation is essential when bidding on auction properties. Our document verification service reviews and authenticates all relevant documents related to the auctioned property. This includes title deeds, property records, and any other legal paperwork and auction process documents. By ensuring the accuracy and legitimacy of these documents, we help bidders make informed decisions and avoid potential legal complications or ownership disputes after the auction.
Tax Liability Evaluation for Auction Properties:
Purchasing a property may inherit existing tax liabilities or obligations. Our tax liability evaluation service specifically customized based on maximum available information in public for auction properties assesses the property’s tax history, outstanding tax dues, and any potential future tax implications. This evaluation equips bidders with a comprehensive understanding of the property’s tax status, enabling them to factor in these considerations during the bidding process and budget accordingly.
Legal case Status Assessment for Auction Properties:
In cases where auctioned properties are involved in legal disputes or have a complicated ownership history, our case status assessment service based on maximum available information in public provides bidders with a detailed analysis of the property’s legal standing. We thoroughly review court records, including but not limited to DRT, NCLT, high court case files, and any ongoing legal proceedings related to the property. This assessment aims to identify potential risks or legal hurdles that bidders should be aware of before participating in the auction, empowering them to make well-informed decisions.
Social media verification and clarification with the bank/ Auction officials:
We conduct general google search on borrower as well as promoters of the borrowers to find out any socio legal disputes involving clients that may have impact on the status of the property legally or socially. Also, before final advisory to client for go, on-go on the property we have specific discussion with bank and / or auction officials regarding conduct of account and general feedback on borrower and mortgagors.
By offering these specialized services tailored for auction properties, we aim to provide bidders with comprehensive due diligence, risk mitigation, and a thorough understanding of the properties they intend to acquire through auctions. Our expertise lies in navigating the complexities of auction processes and ensuring that bidders have access to reliable and accurate information to make confident and informed decisions.