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| Buying Thinking of investing in Indian Real Estate but confused. Post your general queries here! Any questions related to the buying process? (Note: Do not create any threads on real estate developers or their projects.) |
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29-04-09
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#1 |
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New Member
Join Date: Oct 2008
Posts: 15
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Financing for the foreclosure and auctioned properties
the agent i am dealing with told, he can arrange a loan for me, though most of the banks dont finance for these properties. Your experience, suggestions and views are highly appreciated. |
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30-04-09
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#2 |
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New Member
Join Date: Oct 2008
Posts: 15
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Hi some body who have knowledge about this issue please respond.
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30-04-09
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#3 |
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New Member
Join Date: Oct 2008
Posts: 15
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hi guys, some one who have knowledge please give your comments.
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30-04-09
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#4 |
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Senior Member
Join Date: Nov 2008
Location: Tamilnadu
Posts: 896
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Dear friend,
It could be the same bank which had loaned the property first time. Of course, for the second time loan, they may give much lower amount, having bitten once. You may have to even put a margin money fof 50%. I have heard about Canara Bank in Andheri of such a case with 50 % margin money. ks2071746 |
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