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Repossessions
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Jubbly1868
Posts: 130 Forumite
Hi,
How do you know if the house you are looking at/interested in is a repo?
How do you know if the house you are looking at/interested in is a repo?
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Comments
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piece of paper stuck in window. electric switched off. taps tapped up, do not use notices on taps.basins/bath/bog etc.
Ask the EA.
Oh and no one living there0 -
Thank you PoppySarah - you gave me a giggle and didnt think of the obvious.
Oh and dont forget the grass overgrown!!!!0 -
Privet hedge height is a good indicator of how long it's been empty too
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Jubbly1868 wrote: »Thank you PoppySarah - you gave me a giggle and didnt think of the obvious.
Oh and dont forget the grass overgrown!!!!
Repo companies get gardeners in regularly and upon repo they cut the grass. Most of the time anyway.0 -
do they really put a notice in the window??0
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Normally, there is no electricity and water in repossessed property, and also you can see the seal on the closetool and water pipe, which mentiones @DON'T USE@.0
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The notice is to do with chattels and their removal I think...0
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Not usually they don't!Darth_Marty wrote: »Repo companies get gardeners in regularly and upon repo they cut the grass. Most of the time anyway.
The mortgagee in posession is most keen to recover the money already lent on the property, not spend more money (well the debtor's rreally, but they probably realise the house will be sold for less than what is already owed) keeping the garden tidy."Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
Yes, unless you live in bubblesmoney world, apparentlyJubbly1868 wrote: »do they really put a notice in the window??
http://forums.moneysavingexpert.com/showpost.html?p=12627125&postcount=23"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
Jubbly1868 wrote: »do they really put a notice in the window??
Yep.
It's to advise the owners how long they have to get their belongs out.
The photo on Rightmove for the house I'm going for had a notice in the front window which had disappeared by the time we went to look at the place.
We found a report from the company managing the house showing that the regular inspection had taken place to check the place for squatters and the like.0
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