Bank Auction Due Diligence
Properties sold through bank auctions under the SARFAESI Act often attract purchasers seeking investment opportunities. However, prospective purchasers should independently evaluate the legal and factual aspects of the property before participating in any auction.
Due diligence may be necessary to identify issues affecting title, possession, litigation risk, or enforceability of the sale.
Scope of Services
Assistance may include review and examination of:
• Auction notices and sale terms.
• Available title documents.
• Revenue and municipal records.
• Existing encumbrances and public records.
• Pending litigation disclosed in public records.
• DRT, civil court or other proceedings affecting the property.
• Possession-related issues.
• Risks arising from claims by borrowers, guarantors or third parties.
Any assessment is based upon documents and information available at the time of review and should not be construed as a guarantee of title or outcome.
