How to find repossessed houses for sale?
If you’re buying a repossessed house, you might find yourself having to search hard for suitable properties. Not because they’re rare, but because many estate agents prefer to keep repossessed houses’ status quiet. To most people repossession is bad news. And as far as estate agents’ reputation is concerned, the concept of repossession is far from positive! Some tips on buying a repossessed house: 1. One way to find repossessed property is to enquire with your local mortgage lenders; usually banks and building societies. While they don’t usually advertise repossessed houses up front, they need to sell these properties to recoup their money and they’re usually more than happy to get enquiries. 2. Another way… check your local papers, where mortgage lenders announce offers they’ve had on repossessions in the hope of getting higher offers. 3. It also helps to keep an eye on your local property auctioneer. Get more advice at moneysavingexpert.com and repossessedhousesforsale.co.uk A few th
