Foreclosure India Blog

What should you consider before diving into e-auction cars?
Posted in Articles on Feb 24, 2024

Are you ready to embark on an exciting journey into the world of vehicle auctions? Whether you're a seasoned bidder or a newcomer to the scene, understanding what to consider before diving in can make all the difference in securing the perfect ride at the best price. In this comprehensive guide, we'll delve into the key factors you should keep in mind before participating in vehicle auctions, including online options and auction cars for sale. So buckle up, and let's explore the ins and outs of this exhilarating buying experience!

What is eAuction and how to get it's benefits in India
Posted in Articles on Feb 19, 2024

with the rise of internet marketplaces transforming the way that properties and goods are purchased and sold. With its easy-to-use interface and transparent auction process, Foreclosure India is a leading online auction platform among the many others available. We explore the importance of eAuction India in several industries, including banking, real estate, and customs, in this guide.

What is eAuction

As a vibrant online marketplace, eAuction facilitates the auction of a wide range of assets, including real estate, cars, and machinery and equipment. The platform, which makes use of state-of-t...

How Can You Score Big at Foreclosure Car Auctions? A Complete Guide for Indian Buyers
Posted in Articles on Feb 15, 2024

Are you trying to get a fantastic deal on a new car and in the market to score big? Auctions for cars that have been repossessed may be the answer you've been looking for. These auctions provide savvy purchasers in India with a rare chance to buy premium cars at steep discounts. It's now easier than ever to navigate the world of foreclosure vehicle auctions because to the growth of platforms like Foreclosure India. We'll go over everything you need to know to increase your chances of winning at these auctions in this in-depth guide.

Understanding Foreclosure Car Auctions in India

In India, veh...

Understanding the Potential of Foreclosure in India: A Comprehensive Guide
Posted in Articles on Feb 13, 2024

Foreclosure auctions are a viable real estate investment option that appeals to both experienced purchasers and novice investors. Gaining insight into the workings of foreclosure auctions might be crucial to realizing substantial value amidst the plethora of chances available in India's ever-changing real estate market. We examine the fundamentals of foreclosure in India in this extensive guide, as well as its possibilities and subtleties, and how prospective investors might profitably traverse this area.

Understanding Foreclosure in India

In short, foreclosure is the legal process by which a ...

BASICS OF PRE-APPROVED HOME LOANS
Posted in Articles on Oct 02, 2022

A pre-approved loan is – An in-principal approval Valid for a limited period Subject to change in loan terms The benefits are – Focus on your property search Better negotiation power with sellers Quick loan processing

Gold loans saw good growth, demand in Q2: George Alexander Muthoot, Muthoot Finance
Posted in Articles on Aug 10, 2021

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Synopsis "If you are in the money, why should we trouble a customer. We can definitely hold those loans as stage 3 and still work in the company so that it does not affect our growth."

In quarter two we have seen good growth and demand in the gold loans. I hope that it will be there in the quarter three and quarter four also, said George Alexander Muthoot, MD, Muthoot Finance Edited excerpts:

You had earlier said that you would use auctions as a last resort, and we have not seen any auctions. Does that indicate that to a certain extent the pressure that you were seeing on asset quality is so...

Advantages of buying properties through Bank Auction
Posted in Articles on Nov 18, 2017

Here are just a few of the reasons that homeowners and investors are going to the Bank Auctions / foreclosure market.

Amendment in SARFAESI Act on NPA constitutionally valid: Supreme Court
Posted in Articles on Oct 28, 2017

NEW DELHI: Supreme Court today upheld the constitutional validity of an amendment in the provision of the securitisation law which authorises the creditor to classify the account of a borrower as Non Performing Assets (NPA) in accordance with RBI guidelines and directions. The apex court passed the judgement while dealing with the amended definition of the expression ‘NPA’ under Section 2(1)(o) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.

Checklist for action under SARFAESI Act
Posted in Articles on Oct 28, 2017

Sri C P S Rama Chary garu, Practiced law in City Civil Courts, Industrial Tribunal & High Court of AP for about 9 1/2 years. Served in Law Department of Andhra Bank for about 23 years. Retired Presiding Officer ( DRT3 at Chennai ). Sl.N. STAGE WISE ACTION SUGGESTION/ADVISE 1 Sarfaesi Act poroceeds on the basis that borrower created security interest in favour of bank and his liability stood crystalised on account of his default and his account is classified as NPA Sec.13(2): Where any borrower, who is under a liability to a secured creditor under a security agreement, makes any defau...

Seven Steps to buy properties in Bank Auctions
Posted in Articles on Oct 28, 2017

The following are the seven steps to buy properties in Bank Auctions (https://bankauctions.in/) / Foreclosure properties (http://foreclosureindia.com/).