ਆਪਣੀ ਜਾਣਕਾਰੀ ਭਰੋ

BID LETTER AND EMD COVERING LETTER FOR A BANK AUCTION

To,
__________

Place: __________. Date: __________.

Subject: Bid and earnest money deposit for the auction on __________ under the sale notice dated __________.

Respected Sir or Madam,

1. 4. I have read the sale notice and its terms and conditions. I understand that the property is sold on an "as is where is, as is what is, whatever there is" basis and without recourse to the bank, and that I should inspect the property and check its title and dues before bidding.

1. 5. If my bid is the highest and is accepted, I will pay the part of the price due on acceptance, and the balance within the time given in the sale notice and the rules under which the sale is held, and I will deduct tax at source where the law requires and give the bank the proof. If my bid is not accepted, I ask that the EMD be refunded to the account it was paid from.