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Repo

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Ok so I'm a mercenary b*****rd, but after recent articles claiming that the number of repos is rising, where can we find them without paying to join on-line mailing lists? ::)

Comments

  • cattie
    cattie Posts: 8,841 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    In spite of what you may have read I think you'll find that reposessions are still few & far between.

    Most reposession properties that come onto the market are sold via auction, so your best bet is to keep your eyes open for aucitoneers who regularly hold property auctions. They often advertise in the local press when an auction is coming up & you can then apply for a brochure to see what is going to be on offer.

    It is quite normal to have to pay for the brochure by the way.
    The bigger the bargain, the better I feel.

    I should mention that there's only one of me, don't confuse me with others of the same name.
  • Thanks for that, I dont get the impression that the banks are letting repos go cheap yet (and why would they).
  • When a house is repossesd the reposser has a duty to the former owner to get the best possible price for the property. This is why they are sold at auction.
    ...............................I have put my clock back....... Kcolc ym
  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    Sold at auction

    The houses even there are still goign for daft prices, well most of them. Pop along to your local auction
  • Reg708
    Reg708 Posts: 14 Forumite
    You could end of paying a fair whack, by the time youve collected all the relevany auction catalogues.
    Heres the alternative that I suggest: For a yearly fee, the following site keeps tab of all uk auctions, and provides the info to you, which is accessible 24/7. The site is:
    http://www.repossessedhousesforsale.co.uk
    The current deal is, pay for one year, and get second year for free.
    Happy hunting, Reg708
    Charles J
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