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The banks emphasis for foreclosure property auctions to dispose the sale immediately with the competitive price of freehold or leasehold residential and commercial property. If the borrowers fail to repay the Loan EMI consecutively beyond the agreed period, Banks generally mortgage the property and notify auction of property to recover the loan amount. The interested buyer can study the details and participate directly as per procedure of respective banks & NBFC.
Note : Users can contact the respective bank / financial institutions directly to participate in the auction or any further details.