Tuesday, August 24, 2010

What is ForeclosureIndia.com ?

Foreclosureindia.com is a unique site. Unique in the sense it has been independently conceived as a first expansive venture in the country. It intends to bring to the prospective buyers all information regarding bank auctions and possessions. With internet and online marketing gaining popularity, bankers can use it to reach out to a global population through the web. At Foreclosureindia.com the endeavor is to create a market for auction properties in India by educating more and more people who are oblivious to the auction property market.

We commenced the domain with several properties in 26 different cities chosen for massive Real Estate Activity which takes place there. We are now expanding to including many more locations into it, through the bank branches present there.

Our Goals:
  • Bringing fair value to the distressed properties. 
  • Eliminating cartels and syndicates
  • Educating public on Bank auction purchases, procedures involved, latest developments, dispel myths about auction properties and bringing them to this market free of cost.
  • Assisting the Banks and Financial institutions to dispose of their non performing assets at reasonable price.

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