Frequently Asked Questions
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- Stressed asset
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- Notice
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What is As-is, where-is, what is, whatever is, without any recourse
It is bank’s procedural and legal way of saying that there is no delivery risk. They are offering the asset as it exists in its current condition. They are not promising any further construction or amendment in shape, size, quality, amenities, dues, title among others.
Is it important to read this notice
It is critical that you read this notice before applying. It contains most important terms of the sale and property information.
What is this auction notice which banks publish
This is bank’s procedural way of notifying the property they are selling. It contains all relevant information they are required to publish.