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Bank Mortgage Repo sales

What is Repo sales?

Repo sales is a slang used around the internet and sometimes even  among real estate agents for  houses or assets repossessed by the banks or  other financial institutions.

Most of the time it is Houses repossession or repo done by the bank. These sort of houses that get  taken over by the bank due to default in payHot auctions australiaments  and other financial difficulties borne by the person who took the loan are called repo houses . These houses either go under the hammer at some auction or then  is given to real estate agents to get rid off in the market.

Bank mortgages often go into default  due to various reasons and the bank at this part of time  repossesses the house  and puts it back into the market

If you are examining repossession properties for sale in Australia do so with caution and do so carefully.  There are many bargains to be bagged, but ensure that you are buying through a reputable auction house and that if you are unsure of anything at any step of the way, seek professional advice.

Repossession is  sad fact of life  , but many a time it can be avoided by planning your finances soundly  and doing the sums before you get into a big financial commitment

The property market in Australia has almost mirrored the one in the UK in terms of its fortunes which have flowed and which are now ebbing away for some people.  As a result, just like in the UK, Australia is witnessing a massive rise in the number of homes being repossessed at the moment.


Specific Questions Regarding Foreclosures

    * What is a foreclosure home?
    * What profits are there from buying foreclosure homes?
    * How can I begin investing in foreclosure homes?
    * Are real estate brokers necessary when purchasing foreclosure homes?

Seized Car Auctions have been headlining in the news quite a lot lately. Headlines such as ”Millionaires Fire Sale” are becoming quite common. The global economic downturn has seen the amount of vehicle repossessions rise dramatically.

You can start your repo car auction search here with Car Auctions Inc (our recommended seized car auction database), or read on to find out all about Repo Car Auctions and how you can save literally thousands…

Australia bank reposessions

India repo rate - India (from barcap):
RBI leaves all policy rates unchanged. We maintain our view that the RBI could start withdrawing excess liquidity through reverse repo rate hike of 25 bps in Q4 09, while we see CRR and Repo rate hikes of around 50-100 bps in Q1 10.


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How to get a cheap Bank repossession properties ?

It would appear that repossesions are a good way to get a property under current market value, however how would you find out about them ?
Is this information available to all of us ? Is the purchase any different because it's a repo ie are lenders a bit more wary ?Solutions :If it property is being reposessed the seller (mortgage company) also considers the speed of sale - if they "could" get a higher price with another buyer they will also consider how quickly the sale could go through.
Therefore some latitude is given to agents in what offer is accepted (eg an agent can say that buyer "x" is well known to them and can proceed quickly. Buyer "b" offered 10k more but is an unknown quantity.Bank Repossesion Houses List DatabaseThese days repo's don't really go much cheaper we had one only 3 months ago and it went well over asking price. If you were to ask an agent to give you a call when one is available its very rare they would but some mig…

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Property developer Saville Australia has become the latest casualty of the global credit squeeze, with managing director and owner Sam Cheir losing the company’s final asset, its CBD headquarters, and his own home and luxury boat to the banks.
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