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Repo Houses

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Hi,

Can anyone please tell me where the banks sell the repo properties? I see the odd one or two on rightmove but nothing close to the actual repo rate.

Cheers

Piet

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A good atart are the property auctions - have a look in your local rag's property supplement - round this way there's usually a large advert for the main auctioneers around here, and then a couple of smaller houses that might not list all the lots, but perhaps a choice property from their prospective lots - which will at least give you the info on the auctioneers.

Barnard Marcus, Allsop, Countrywide, Savills all have big auctions, and then there are plenty of more local ones.

Repos are also put through Estate Agents - sometimes you won't necessarily know a property is a repo when it's advertised, and then every now and then there's a final offers advert - in amongst the other normal houses for sale through an EA, there'll be a smal bit saying the address, the current offer, and the timescale for you to provide a better offer by...

Have you looked through the house prices in your area forum? There might be a relevant thread for the area you're looking in.

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