I have been looking all over the net but not had any luck except sites telling you where for a fee, I cant really imagine that the companies selling these properties would want to keep any interest away by charging people for the knowledge of knowing where to buy reposessed properties from.
Any help would be appreciated.
2007-01-15 10:06:25 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Look at the property Auction houses - thats where most end up.. For idea's try looking on the BBC website for 'Homes under the Hammer' xxxxxxxxx
2007-01-15 10:09:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
although alot go through auction some do go through estate agents .First read the descriptoin to see if the property is offered with vacant posession if it is then view it .If there is no furniture (they cant sell until the property has been cleared by the defaulters or baliffs)ask the agent if the house is a repossession if it is not they will tell you so if it is they will say "i,m sorry i,m not allowed to release that information"and their you have it youve found one .Next you will have to make an offer and if it covers the lenders debt it will then placed as"an offer has been received"ad in the local rag which will also invite other interested parties to also make an offer.Like at auction the amount offered will never be revealed to any other parties(except the agents best mate who,s also got his eye on it).If at the end of the process yours is the best offer its yours.Happy hunting
2007-01-15 10:29:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Okay, first do not pay anyone to find this information. If you are lookng at properties, there is usually a section in the newspaper under sheriff sales that will give a list of properties to be sold at auction. Or, you can check with banks, the local sheriff's department, or county auditors office. Also, watch the newspaper for a listing that is published once or twice a year that will show everyone in the county who has back taxes that are not paid.
2007-01-15 10:12:10 · answer #3 · answered by David L 6 · 1⤊ 0⤋
If you mean pre-foreclosure one of the best places right now is your local MLS. Any good Realtor will be able to provide you with a nice list of pre-forclosure properties and often even a bank owned property list. If you are looking for investment purposes there are several good articles at the link below.
2007-01-15 10:44:07 · answer #4 · answered by RN 2 · 0⤊ 0⤋
Type in Property Auctions and that will give you a list of auctioneers. Request a catalogue. The copy I have in front of me is for Savills. Their next auction is 19th Feb 2007,usually held in London. The property listed is nationwide. It will say if it is a repossesion.
Other sellers can be Housing Associations, Trusts and Macmillan cancer charity ( people leave them property in their wils).
2007-01-15 10:21:40 · answer #5 · answered by charterman 6 · 0⤊ 0⤋
Contact your local estate agents or keep a look at in your local paper for forthcoming auctions then phone up and ask for a catalogue. As far as I know they don't hold auctions just for repo houses the houses just get put in with all the other houses
2007-01-15 10:13:06 · answer #6 · answered by gina 5 · 1⤊ 0⤋
You have to go out and look for them th eones that are repo houses have wood on the windows. Wait till they are up for sell or auctioned and deal. It's not as hard as it seems.
2007-01-15 10:10:37 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Ask at your local estate agents
2007-01-15 10:30:42 · answer #8 · answered by Mick 4 · 0⤊ 0⤋
Contact banking centers and ask them.
2007-01-15 10:09:57 · answer #9 · answered by Biker 6 · 0⤊ 0⤋
This site is not selling for any information
www.rmmlmarketing.bravehost.com
2007-01-15 22:23:48 · answer #10 · answered by Ging 1 · 0⤊ 1⤋