About Procurement Or Buying Land | Vkeel - Free Legal Advice

Rohan Thokade

Solapur

How Do We Procure A Mortgaged Property From Bank If Bank Takes Control Of Mortgaged Property of person who Couldn't pay his loan...If Banks Take The Auction for those then how can we participate in the Auction

Expert's Answers(4)

Adv Shakti Mob 8076450684
Gurugram, Haryana

Kindly contact me with more information Mob +918076450684

May 27, 2026
Advocate Shaikh Irfan Khamar
Latur, Maharashtra

2 Client Ratings

Ok call me 9359867870 will discuss

May 26, 2026
Kkomal Ttyagi Advocate
New Delhi, Delhi

2 Client Ratings

Kindly contact us for more details. +919667660556

May 25, 2026
Adv Riddhi Bothara
Pune, Maharashtra

If a bank takes possession of a mortgaged property due to loan default, it can sell the property through a public auction process. To participate, you need to submit the required documents, deposit the Earnest Money Deposit (EMD) and follow the auction terms and bidding procedure. I can help you understand the process and guide you through bank auction property purchases.

May 24, 2026