Public notice in purchasing of the property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2012 why publicc notice is given before making final consideration amount to vendor of the property by the buyer?

how this take care of the buyer?

plese give detail guidence?

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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05 May 2012 Public notice is given to confirm whether there is any claim by any person on the same property in any manner. It may be a banks claim by way of mortgage or it may happen that the one who is giving you property is not the real owner and is trying to fraud you. So to avoid all these consequences, public notice is given.