The bank Repossessed bakkies and caravans in South Africa are available at auctions for anyone to attend. Where you have the opportunity to bid on and buy bakkies and caravans that are in repossession by the major banks. You can purchase vehicles with cash or apply for finance through the different providers. Why Buy A Repossessed Bakkie Or Caravan? Buying a repossessed bakkie or a caravan can be a smart financial decision for buyers looking to save money. Because they are typically sold at a reduced price compared to brand-new models, offering substantial savings. Since they come from previous owners who couldn't maintain payments the vehicles are often still in good condition, but sold quickly to recover costs. Additionally repossessed caravans are available through trusted sellers in South Africa. Such as banks or dealerships, which can provide added peace of mind. This option allows buyers to own a quality bakkie or caravan without the hefty price tag, making it an attractive deal for budget-conscious adventurers. Bank Repossessed Bakkies and Caravans From: Absa bank Standard bank FNB Nedbank Capitec African bank There are different ways to find out when and where these auctions are taking place. So all you have to do is visit an ABSA bank, Standard Bank, Nedbank, or FNB. You will be able to find a consultant that will be able to help you and point you in the right direction. This may also interest you: Repossessed Caravans and Boats Or you can view repossessed bakkies and caravans… Read More

Second hand car auctions offer great value to people who are looking to purchase cars at cheap prices. These auctions offer a variety of models at great prices as the majority of cars that are sold on auction are bank repossessed vehicles. This means that the previous owner of the vehicle defaulted on their vehicle loans from the bank. Auction houses such as Burchmores offer these cars up for auction at much lower prices than for what you could find them at a dealership as this is one of the ways that banks can make back the money still owing on the car. As most children get their licenses at 18 years of age, many parents have started looking at second hand car auctions for their child’s first car. As the prices of the cars are much lower than normal, this is ideal for parents who are tired of their children borrowing their cars and who want to give their children some independence.  The auction houses offer a large number of makes from Toyota to VW’s all at very reasonable prices.  This means that this is a great place to look for a first car as there is a wide variety to choose from and which can be bought without breaking the bank. So for people looking for first cars for their children, a second car for the family, or cars to add to a fleet of cars for a business, Burchmores is a great place to start looking. Although… Read More

You should definitely attend the auctions for Standard Bank repossessed car sales. Repossessed vehicles are those that customers have purchased and failed to keep up with the payments each month. The banks then take these vehicles away and sell them at auctions. Most of the time, the banks will only sell them for what is still owed on them. When it comes to bidding, you have to remember that there are twenty other bidders going for that same vehicle. Just imagine walking into an auction and you come face-to-face with your dream Toyota. There are also many banks that will be able to finance you to make it possible for you to attend these events and start bidding. Bank auctions are happening in Cape Town, Gauteng and in the Durban areas all the time, so if you want to own any one of the repossessed vehicles at auctions for Standard Bank repossessed car sales, attend these events because in the end it will work out much cheaper than buying a new car. There are also companies that sell repo vehicles at discount prices. If you come across your dream repo Toyota at a discount price, you should probably not let this one slip between your fingers. If you do not have money to attend, there are banks that will finance you so you can bid on the vehicle you want. Make sure to attend the auctions if you are in the Cape Town, Durban or Gauteng regions if you are… Read More

If you are looking to buy a property, you should definitely be weighing up the pros and cons to buying a repo home. You have several options for buying a house, and looking at a repossession should definitely be on your list. Buying a home, whether it is for you and your family to live in, to fix up and sell on for a profit or whether you are buying it to rent out as an investment, is a big step. Properties are incredibly expensive and generally require loans from financial service providers to finance them. When you are considering buying a home, it is always a good idea to consider all of your options carefully and weigh up the pros and cons of each of them.   What is a repossessed home? When an individual purchases a home, they generally need to take out a loan or mortgage with a financial service provider. Once a bank or other financial service provider has approved the loan and the client, they will provide the finance for the purchase. The client is then required to pay back the loan with interest through monthly instalments. If a client cannot make payments at all or in full or on time, the financial service provider will have to repossess the home. The bank will then hold the property for a period of time to allow the client a last chance to pay them back, and if the client cannot make the payments, the bank will… Read More

Your local Standard Bank house repossessions auctions are the place to buy a home or property at lower than market value prices. There are great house repossessions Standard Bank offers for good value at auction events in South Africa. Locations people are looking for Standard Bank repossessed houses include: Johannesburg Pretoria Cape Town Durban Richards Bay Pietermaritzburg Kimberly This may also interest you: FNB Repossessed Houses For Sale in SA What are Standard Bank Repossessed Houses? Because houses are expensive most people cannot afford to buy without taking out a loan with a creditor like Standard Bank. However, even though this takes the burden of one large payment off the buyer, they will still have to pay monthly loan repayments. These payments are also expensive and with the cost of living rising. And the unpredictability of most people's incomes, many people end up unable to pay their monthly loan repayments. Once an individual has missed a few payments. Or not paid the full amount, Standard Bank that financed the loan can repossess the property. After Standard Bank have repossessed the house, they will hold the property for a short period. Giving the first owner a chance to come up with the money they owe. If they are not able to pay, the bank will then auction the house off themselves. Or pass it on to an auctioneering house to make their money back. Why buy a repossessed house over a house in a normal sale? A repossessed house is not… Read More

Bank repossessed Harley Davidson motorcycles are hard to come by. The reason being, they are in such high demand that if one does become available at auction, they are quickly bought up. This means that if you are interested in purchasing a Harley but cannot afford to buy one off the show room floor, then you need to keep a watchful eye on the auctioneer’s listings. One downfall of the demand for getting the motorcycles through auction is that should you get in to a bidding war with another person at the auction, you may end up spending more than you normally would and this is why it is important to always have a set amount that you will spend and then not go over that amount. Another downfall of purchasing a bank repossessed Harley Davison motorcycles is that the original owners may have had the bike custom fitted to their measurements. This is one of the great benefits of purchasing a Harley off the show room floor as Harley is a true believer in making products that their owners will love and will go to great lengths to ensure that owner is as comfortable as he/she can be. Therefore it is always best when considering purchasing one of these beauties at auction that you find out the specs of the bike before purchasing. For those of you who are looking to purchase a Harley that has been repossessed by the bank because the previous owner defaulted on their payments… Read More

Bank repossessed estates and home auctions with FNB offer great value for money for those who are looking to buy a new house or are interested in property trading. FNB has a large number of homes and properties on offer at these auctions as the previous owners have defaulted on their loan or bond repayments. Unfortunately, the number of houses repossessed has been on the increase due to the economic recession that caused many people to lose their jobs and incomes and therefore meant that they could no longer afford to pay back the loans that they took. As callous as it may seem to take someone’s home when they have been affected by the recession, the reality is that the banks cannot afford to not receive these payments and therefore they are placed on auction to make back the money that is still owing on the property. This means that bank repossessed estates and home auctions with FNB are a great place to look for your dream home at a very reasonable price. First National Bank is aware that not everyone knows exactly how these auctions work or how they can view the properties and as a result they have a page on their website which is dedicated to explaining exactly what a repossessed house is and where to view the properties on auction. Therefore it is imperative before you go to one of the auctions of these homes and estates that you visit www.fnb.co.za for all the information… Read More

What happens after a bank has repossessed a car? This is a question many people ask after not keeping up with the regular payments. You want to know what your rights are since you are paying the vehicle off and “it is basically yours”. The truth is that the car or home is not yours until you have paid it in full. Yes. It is sad, but it is the truth. So, can the bank repossess a property or vehicle even if you have paid seventy percent of its payments? Yes, they can! Every cent counts. It is not something we would like to face, but it is something that happens, and to the best of us. So, before you fly into a rage or throw a tantrum, here is the answer to: what happens after the bank has repossessed your car and left you with no transport to get anywhere. What happens is that the vehicle will be taken to a repo storage facility. This is only if the bank has given them no other instructions. The car will remain there until you pay what is owed on the car. Normally, they will give you ten days to do so. If you cannot pay, the cars get re-marketed. This can be a private sale or even at an auction. If the car is sold for less than what you still owe on it, you are still liable for the remaining costs. If it is more than what you owe,… Read More

Putting a stop to house repossession simply means that you have to do what you can to ensure your home does not get taken away from you and sold at an auction for much less than its worth. Skipping your bond repayments is dangerous; the bank won’t think twice to repossess your home and sell it if you aren’t able to keep up with your payments. If you need to, you can refinance your house, but remember that you will have to pay this back too. Some useful tips include; don’t get a house that’s worth more than you can afford in the first place, always pay your bond first before anything else, and make sure you don’t ever pay it late as that’s just looking for trouble. You just have to make your bond repayments every month to avoid the bank having to sell your home; that’s all there is to putting a stop to house repossession. To refinance isn’t always the wisest idea as it leaves you owing more money to the bank, but if it is the only option, then that is what you will have to do, but maybe get some advice from the bank first. The consultants should be able to give you some advice, and maybe even some tips that may help you this time round. If after the refinance you are still struggling to make your payments, it may be best to let the house go, but until then you have to do… Read More

Consider bank auctions to find repossessed homes, because it is the cheapest alternative to buying a house if you cannot afford a brand new one. Visit any ABSA, Standard Bank or Nedbank and speak to a representative. The representative will be able to tell you everything you need to know and where the auction events are taking place for you to bid on bank repo properties. This is a great opportunity to bid on foreclosed homes and own a property of your own. There are a number of people that have their houses repossessed. This is a major problem that is increasing every year, and it has damaging effects on the market. However, banks offer buyers the opportunity to bid on these houses. Finding bank auctions to find repossessed homes is not simple anymore. The reason for this is that many of the mortgage buyers will not reveal that the property is actually foreclosed homes. The reason for this is a behind-the-curtain-approach. These mortgage buyers involved in bank repo properties would rather see themselves as family friendly home-sellers. Make sure that you visit ABSA, Standard Bank or Nedbank as part of your research to make sure that you know everything before jumping at the opportunity to buying a repo property. Make sure that you find out why the bank approaches a certain property and forecloses it. Sometimes people will try to sell the houses themselves because of financial difficulties before the bank comes to claim it. So, before heading to… Read More