Any clues to repossessions?

Wig

Apart from the notices on the door / window is there any way to find out if it has been repossessed?

The EA sometimes won't tell you. So I was thinking, if I did a £4 landregistry search would that tell me? Would it also tell me the name of the last 2 or 3 owners or only the present owner?

silvercar

Why? Are you seeking a house full of bad vibes?

poppysarah

Tape on the kitchen and bathroom?
Ask the neighbours.

The HIP should say who is selling it but still online EAs aren't all showing hips.

If it's at auction it'll say in the legal pack.

Most EA will tell you.

And is it really £4 at the land registry? Thought it was £2 but it's been a while since I looked

hethmar

How could a land registry search tell you if the place is repossessed??

Ask the agent outright.

So_Sad_Angel

Hi, Just a viewpoint from `the other side`I sadly have to surrender my property so am going through the process at the moment.

Best thing is to find out who the EA is selling for. Repo will be the mtge Co .

Also there are fewer notices going in the windows these days. On a `voluntary surrender`(rather than enforced eviction) the lender often gives the defaulter the choice to choose `no notice posted`. Northern Rock told me that no-one would know that I had surrendered the property & it would be marketed with a local agent & not auction. Also the Mtge Co`s are obliged to get `best price/market price` for the property....whatever that means!!!

Hope this helps....although I agree with Sivercar re the vibes...the house I bought before this one was a repo & now look at me!!!

A tip to all out there...never renovate a property unless you have very deep pockets!!!

Take care, Angiexx

So_Sad_Angel

Althought just to add....the fact that the property is empty is the biggest giveaway.

Rarely will someone leave an empty property otherwise.

Angex

Trollfever

Missing radiators and fireplaces can be a clue.

hethmar

When the house two doors down was repossessed (husband ran off with the au pair) - the family came round and ripped out anything that could be removed, even the light fittings and kitchen units.

Microstar_2

Often notices are not posted and house is put with a local agent. It will be vacant (obviously) but there may be no other indications. Check for signs of a hasty exit, kids toys still left in the garden etc. One thing most companies will be doing this time of year is draining down the water/heating, and look for a strap or 'seal' over the letterbox.

poppysarah

So_Sad_Angel wrote: »

Rarely will someone leave an empty property otherwise.

Death is a "popular" reason too.

Wig

hethmar wrote: »

How could a land registry search tell you if the place is repossessed??

Ask the agent outright.

Well that's why I asked the question,.................
Can it tell you?

I can guess perhaps there would be a change of owner on a recent date and the new owner would be something like Halifax Bank of Scotland Finance. Whereas before the repossession the owner would be listed as John Mills who bought the house for £xxx on a date long ago.


Asking the EA is usually futile they don't have to tell you, they usually always tell me we are not allowed to say. Unless what you are saying is that EA always have to identify the seller, so instead of asking
"Is the property a repossession?" I should be asking
"Who is the seller?" An EA did recently say to me
"The seller is a company" - which does not identify the seller per se, but did indicate a repo.

As to the bad vibes.....
A bit of meditation will soon sort those out.
Someone died - maybe 2 consequetive owners a daughter who then left the house to her mother who then also died later - in my current house, the house was then bought by a couple who split up, and we bought off them. It doesn't bother us no bad vibes that I can feel.