Where to Find Auction Properties?

I can help you out with where to find auction homes. You can visit the banks’ official websites, your state's respective portal (if any), look for newspaper ads and more. However, I found these options very frustrating and hence, under the recommendation of a friend, I checked out NoBroker’s portal and was glad to find the auction property listings. Several auction properties from different states are listed there so you can surf through the options once.

Where to Find Houses for Auction?

I have already mentioned all the probable places where to buy auction homes so you can visit those. If you fail to find relevant properties, you can visit

portal.

• You can change the city if you want from the options available on the top right-hand side of the page

• Select locality and possession date as per your requirement

• Tap on search and get relevant property listings there

Just make sure you enter your name and number correctly. Their team is very professional and prompt; hence, they can help you find your desired property as per your requirements.

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Hey buddy. Since my uncle bought an auction property I have an idea of how to check auction property in India. One of the common sites to get auction properties in India is through the official website of IBAPI. I have shared the detailed steps below for your reference.

Where can I Find Auction Properties?

First, let me tell you if the borrower has missed three consecutive EMI payments on their residential or commercial properties, those properties banks auction off. Banks give borrowers notice, withdraw if they begin making EMI payments, and extend loans. They hold off on starting auctions for 60 days, then begin the process after 30 days.

I read Parvinder's response above, but she needed to include a thorough process on how to verify the auction properties. My uncle asked me to perform the below steps to check the auction properties easily:

• Visit

  https://ibapi.in/#

  .

• Tap on the “Search Property” button.

• Choose the auction date, district, property type, state, and banks and enter all the required information.

• Tap on the “Terms and Conditions” checkbox.

• Finally, click the Search button to view all the auction properties in your state.

Furthermore, you can find them at public auctions held by banks, financial institutions, and government entities. I hope you found this answer helpful.

If you are planning to buy a property, then let me tell you that there are alternative ways to purchase besides working with brokers and searching for real estate listings. You can buy a property at auction as well. However, if you find yourself in a dilemma when it comes to finding and searching for properties that are auctioned by banks. To make it easy for you, I will tell you where to find auction properties.

One can know about auction properties from:

• Newspaper ads by the banks

• Visiting the official websites of the banks

• Notices posted on the distressed properties by banks

• You can also visit the official website of IBAPI (Indian Banks Auctions Mortgaged Properties Information)

This online portal offers a common platform to provide details of mortgaged properties to be auctioned online by Banks. You can use this portal to find and view details of properties and participate in the auction process.

Now you know how to find auction properties.

• Research about the location and market price

• Make a thorough inspection of the property

• Make sure the bank has physical possession as it’ll help reduce your risk

• Keep the amount ready for the property to avoid delay

• Keep some extra money for registration

• If the mortgage documents or/and mortgagor's title are defective, the same won’t transfer any better title in the auction.

• Encumbrances like litigations, leases, and other possessory encumbrances.

• Statutory dues, municipal dues, electricity bills, and other taxes attached to the property.

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Now you know where to find auction properties.