We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Repo Auctions - Is This A Con?
mewbie_2
Posts: 6,058 Forumite
0
Comments
-
There are other posts on this. They seem to have a buyer's premium of 10% and various other problems such as the seller deciding after the sale whether to accept your bid. I'm not going along to their auction.No reliance should be placed on the above! Absolutely none, do you hear?0
-
It's not a con as such, it's just got different rules to what we're used to.
They're even advertising on the telly now, saw an advert Friday night/yesterday about it.
I suspect there'll be lots of whiney people though who get caught up in the whole thing and are unprepared..... it's a cross between "The Price is Right ... Come on Down!!!" and American Evangelical Seminars... a highly charged environment where everybody's charged up to "buy buy buy".0 -
Sounds like a con to me. My feeling was that is was probably the last place to be looking for a repo bargain. Same in the last crash, it wasn't as easy as you might think to find these very cheap places.PasturesNew wrote: »It's not a con as such, it's just got different rules to what we're used to.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards