If a house is reposessed, and it goes to auction, where can you find the house advertised?
2007-08-19 07:51:59 · 5 answers · asked by brunelscooby 4 in Business & Finance ➔ Renting & Real Estate
In the UK, all repossessed houses are sold through auctions. Simply type in property auctions and request a catalogue.
In it you will find properties being sold off by the Police, Housing Associations and banks/building societies, etc.
You can get bargains if you are prepared to do some work to bring it up to scratch and you do your research on the area.
I bought a mansion flat in London that was being sold by the family of a deceased person.
It was in a good area, very big(3 bed) balconies but very old fashioned, not been touched since the 1920s.
I paid £160k, £40k modernising and sold it for £390k.
2007-08-19 10:50:25 · answer #1 · answered by charterman 6 · 1⤊ 0⤋
Usually, auctioneers will advertise the properties they handle by placing a placard on the properties. I'm sure you've seen auction boards on houses before.
I have never actually bought a property at auction, but I have made enquiries.
2007-08-19 08:00:32 · answer #2 · answered by lesroys 6 · 1⤊ 0⤋
If it is auctioned there is usually a notice of auction in your local newspaper. If it is foreclosed by a sheriff sale you can sometimes find those on the county website.
2007-08-19 07:56:21 · answer #3 · answered by Alterfemego 7 · 1⤊ 0⤋
This depends on several things. Check with the repossor to see who they use for auction and what their policy is.pp
2007-08-19 08:05:30 · answer #4 · answered by ttpawpaw 7 · 1⤊ 0⤋
the auction house usually prints up its own lot sheet prior to the auction. so check all the local auction houses for information. but please please remember the house belonged to somebody who fell on hard times and was forcibly evicted. personally speaking buying a repossessed house is akin to buying a used coffin. i wouldnt touch one even for the price of a song.
2007-08-19 08:16:45 · answer #5 · answered by herr fugelmeister 3 · 1⤊ 0⤋