LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Personal Finance News

SBI Mega E-auction: Check this tweet, you will shed your fears about buying a house in an auction

On multiple occasion, SBI opens its mega auction for many homebuyers, who are planning to buy their dream house.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
SBI Mega E-auction: Check this tweet, you will shed your fears about buying a house in an auction
Homebuyers mostly refuse to buy any house where there is a problem with the documentation. Photo: IANS
Written By: ZeeBiz WebTeam
Updated: Fri, Jun 07, 2019
04:22 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
SBI Gold Loan – Give a missed call and get loan; interest rate at 7.5 pct; no processing fee if applied through YONO SBI Gold Loan – Give a missed call and get loan; interest rate at 7.5 pct; no processing fee if applied through YONO
ICICI Bank follows SBI, Kotak Mahindra Bank, HDFC Bank, cuts home loan interest rate ICICI Bank follows SBI, Kotak Mahindra Bank, HDFC Bank, cuts home loan interest rate
SBI preferred - Morgan Stanley upgrades Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank SBI preferred - Morgan Stanley upgrades Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank
Yes Bank and SBI: Technical Analysis for Traders and Investors Yes Bank and SBI: Technical Analysis for Traders and Investors
HDFC home loan interest rate today: New rate comes into effect today; SBI, Kotak also offering chance to buy homes at affordable rates HDFC home loan interest rate today: New rate comes into effect today; SBI, Kotak also offering chance to buy homes at affordable rates

Homebuyers mostly refuse to buy any house where there is a problem with the documentation. This especially applies to buying a house in an auction as there are a host of legalities involved and most importantly uncertainty about possession. However, the largest lender, State Bank of India (SBI) has clarified that it is a myth that one has to deal with legal complications when buying auctioned foreclosed properties. Through SBI Mega E-auction, the lender puts up mortgaged properties that includes residential and commercial ones too. On multiple occasions, SBI opens its mega auction for many homebuyers, who are planning to buy their dream house. You can review the properties that are available for sale at affordable prices. 

However, SBI has sought to calm the fears of homebuyers over legal complications and through its Twitter account announced, “Worried you might buy more problems than property? Don’t be! Only litigation free properties are put up at the SBI Mega E-Auction. Visit http://sbi.auctiontiger.net  and https://www.bankeauctions.com  to see the properties.”

Worried you might buy more problems than property? Don’t be! Only litigation free properties are put up at the SBI Mega E-Auction. Visit https://t.co/MmQMFULpOI and https://t.co/nxAafseVF3 to see the properties. #SBI #StateBankofIndia #EAuctions #SBIMegaAuction #BeABidder pic.twitter.com/QBwLDps4G2

— State Bank of India (@TheOfficialSBI) June 6, 2019

SBI puts up residential or commercial properties for auction of defaulters to recover dues. SBI furnishes all the relevant details and state whether the same is freehold or leasehold, give its measurement, location etc., including other relevant details in the public notices issued for auctioning.

There is designated contact person also for auction at the Branches whom prospective Buyers may approach to for any clarification regarding the auction process and the property he /she is interested in and may inspect the properties of their interest.

Requirements for participating in e-Auction

  • EMD for the particular property as mentioned in the e-Auction notice
  • KYC Documents - to be submitted to the concerned Branch.
  • Valid Digital Signature -Bidders may approach e-auctioneers or any other authorised agency to obtain digital signature.
  • Login Id and Password– Will be sent to the email id of the bidders by e-auctioneers after the deposit of EMD and submission of KYC documents to the concerned branch
  • Bidders to login and bid during the auction hours on the date of e-Auction as per auction rules.

To know the details of properties offered under this e-auction visit the website www.bankeauctions.com/Sbi and sbi.auctiontiger.net.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SBIState Bank of IndiaSBI Mega e-auctionSBI home loan interest rates
RELATED NEWS
SBI Gold Loan – Give a missed call and get loan; interest rate at 7.5 pct; no processing fee if applied through YONO SBI Gold Loan – Give a missed call and get loan; interest rate at 7.5 pct; no processing fee if applied through YONO
ICICI Bank follows SBI, Kotak Mahindra Bank, HDFC Bank, cuts home loan interest rate ICICI Bank follows SBI, Kotak Mahindra Bank, HDFC Bank, cuts home loan interest rate
SBI preferred - Morgan Stanley upgrades Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank SBI preferred - Morgan Stanley upgrades Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank
Yes Bank and SBI: Technical Analysis for Traders and Investors Yes Bank and SBI: Technical Analysis for Traders and Investors
HDFC home loan interest rate today: New rate comes into effect today; SBI, Kotak also offering chance to buy homes at affordable rates HDFC home loan interest rate today: New rate comes into effect today; SBI, Kotak also offering chance to buy homes at affordable rates

LATEST NEWS

West Bengal, Assam Assembly elections 2021: After TMC, BJP likely to release candidates lists today

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

DDA Housing Scheme 2021: Draw for allotment of flats on this DATE—Watch it live on AWAAS app

7th Pay Commission Latest News: Central government employees' alert! one mistake could cost you your LTC claim—check report

EPF Passbook Balance Check Online: EPFO members can do this via Umang App, SMS, missed call; choose whatever you want

Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS

Airbag for front-seat passenger made mandatory from THIS date

Trinamool candidate list 2021: Over 20 MLAs, ministers dropped from TMC candidacy for upcoming Assembly polls

Solid Fuel Ducted Ramjet successful flight test : How it gives technological edge to DRDO and boosts its long range air-to-air missiles capabilities—EXPLAINED

Gold Price Outlook – Gold, Silver prices may see further fall next week; expert tells what to do to maximise gains

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved