Buy a repossessed house if you are looking to save some money and purchase property cheaply. There are many reasons why homes are put up for auction. The previous owner could have been unable to make his or her repayments, the previous owner may have passed away, or the previous owner may simply have become too old to live on their own. As a result of this the bank needs the property back so that it does not make losses. Repossessions are thus sold at bank auctions for lower than usual prices to ensure that the costs are recouped quickly and easily. These auctions can be extremely exciting to attend, but it’s a good idea to get advice and tips from experienced people before you bid on something that you don’t really want. If you’re starting to think that you would like to buy a repossessed home then bank auctions are a great place to do this for several reasons. Firstly, the houses at these types of auctions are normally in good condition because they are new or well looked after. Homes are more than simply walls and a roof – they are made with love and tenderness through the hard work that is put into them. To buy an excellent property at a cheap price is always extremely fulfilling. Perhaps you are looking for a house for your children, or for a holiday home. Repossessions are the perfect choice in either of these occasions. Get tips from a broker… Read More

Repossessed properties from the four major banks in South Africa, FNB, Nedbank, ABSA and Standard Bank are made available at auctions. These are mainly houses and property that has been repossessed by the bank that has approved the home or business loan initially. Once a home is in repossession, this means that it is being cashed in. Because the owner of the place is no longer able to honor the contract and pay for it. Popular areas for Repossessed Properties are: Johannesburg Pretoria Centurion Port Elizabeth Bloemfontein Kimberly Durban Cape Town Bear in mind that repossession is not an easy task. The end result will however guarantee you a decent profit as a buyer. The way that many go about doing this is purchasing a property. The bank lends you the money, they are then known as the lender and this means that you have to pay this back as quickly as possible. This may also interest you: FNB Repossessed Houses For Sale in SA Repossessed Properties on Sale at Bank Auctions There are auctions around South Africa that allow for bank repossession to get sorted out. There are many that prefer this to be handled quickly and efficiently. Houses that are on the market today are expensive. So buyers prefer a repossession sale as they are then able to fix up the property and then resell it themselves. This is the way that you then land up with a home that is generating profit. There are many other ways… Read More

ABSA repo houses are for sale for those who are looking to buy an affordable property. ABSA has repossession auctions quite often, so what you should do is ask them if they have a list of the upcoming auctions and all the details so that you can ensure you are there on time and are prepared for the bid procedure. There will more than likely be a few homes for sale, so make sure you have the money before placing a bid otherwise you could end up in a heap of trouble if you are the bidding winner but you don’t have the funds to pay for the property. Many people don’t think to do this, but you can pick up some awesome deals with ABSA repo houses; you can get homes for sale at amazing prices, sometimes they are in great condition and other times they may just need a little work but either way, it is worth a try. You will soon see the affordable houses that are available to you to buy, and you might even find it difficult to make a decision between them all, but you will have to eventually and there is no doubt that you will make the right decision. It may not be an easy task, but your heart (and maybe your pocket) will steer you in the right direction. A list of the banks repossession auctions will help you take it from there. You might not be able to make it… Read More

Trucks repossessed by banks are often sold for low prices at bank auctions. The reason that it is possible to see so many ‘for sale’ signs in newspapers and in the windows of car dealerships is because the economic recession has forced banks and dealerships to repossess cars. All banks, including ABSA, Standard Bank, FNB, and Nedbank are selling trucks, bakkies and other vehicles for low prices in order to get some of their lost money back quickly. It is possible to find trucks from all of the leading car manufacturers including Nissan, Toyota and Mitsubishi for great prices at your local weekend auction. It is really simple. If you’ve never considered purchasing trucks repossessed by banks from auctions, but need to use bakkies for work purposes then it’s time to consider this option. Why are the cars so cheap? Because Nedbank, FNB and Standard Bank want to make sure that they have not lost any money by providing someone with car finance. They want to sell things quickly so that they can continue with business as usual and the best way to do this is to put things up for sale at lower prices than normal and sell the vehicles as is. Whether it’s a Mitsubishi, Nissan or Toyota you are after you will find them all at auctions. Some things to consider before choosing this route to buy your bakkies is that many of the vehicles are sold as is. That means that you have no guarantee that… Read More

Second hand Toyota cars can be purchased online or at dealers that you find in areas like Durban, Cape Town and Johannesburg. Visiting auctions are also a wonderful idea as then you can get repossessed cars that will be a lot cheaper. The only aspect here is that you might not have a wide selection of Toyota to choose from, but maybe you will find another one of the cheap vehicles that you like. Shopping at auctions always offers cheaper prices, so that is something you have to look into if you have a budget that you’d like to stick to when you’re looking for the vehicle. Buying online is a good idea, but the problem here is that if you aren’t buying from someone in your area, you might not get a chance to go and have a look at the 2nd hand Toyota cars to ensure that what you are purchasing is indeed the car that they are advertising. For example, buying a car from someone in Durban or Johannesburg while you are in Cape Town isn’t such a good idea if you haven’t physically seen the car. It is more advisable to go to one of the dealers in your area and see what cheap vehicles in excellent condition they have to sell. Repossessed cars are always sold at superb prices because they have been taken away from the owner and the bank just wants to sell it for the bare minimum to make back the money… Read More

Properties and bank repo house sales are perfect for those who are looking to buy a property but are looking for cheap prices. These homes are most often found at auctions and when the deal is foreclosed, it becomes easier for the buyer. The best thing you can do when you are looking to purchase properties but you don’t want to spend a lot of money is look for the repossession houses. Once they have been repossessed they will be sold for a good price, and this will be your chance to get your hands on them before everyone else does. When you are looking for properties and bank repo house sales, look for adverts of auctions that are being held. Foreclosed deals take place with repossession homes and court orders that terminate someone’s right of salvation in the payment of the property. You don’t have to spend millions on big houses if you don’t want to, you can pick up a beautiful house in a wonderful area at an auction, and the best of that all is that they go for really cheap prices in most cases. All you have to do is find out where exactly the auctions are being held, and make sure you get there on time. Visit the banks in your area and ask them if they have any auctions selling repossessed homes coming up and if they do, they will give you all the necessary details. You have to be quick though, as surely… Read More

Stop house repossession by making your bond repayments on time every time. When you enter into an agreement with a bank to buy a house, you are committing yourself to a particular payment for a particular length of time. Whether you are in a position of financial freedom or financial uncertainty, if you need to change your repayments or refinance your home, the bank should be your first port of call. Bankers are a wealth of tips and advice and you may find that by making a few small changes you are able to keep your house without much trouble. By keeping your lending institution aware of your financial situation you will ensure that they do not repossess your house and you avoid your home going up for auction. Nobody likes to be worried about their finances and to stop house repossession you need to make sure that you communicate your financial situation clearly to your bank. When banks notice that you have not been making your bond repayments their first move is to repossess your home to recuperate the costs. This will obviously not happen overnight, but will be a process that is traumatic for both you and your family. There are ways to refinance and sell your home that are far less stressful and your banker may be able to provide you with tips and advice on how to do this. The last thing you want to do is see the home you worked so hard for on… Read More

Bank used cars repossession auctions are available in all countries so it doesn’t matter where you are coming from or where you are going, and even during a credit crunch; you should be able to use the cash you have to get a pre-owned car. These auctions are where you will find cheap vehicles at the most affordable prices, and it doesn’t matter that it is a second hand vehicle; a car is a car and if you can get a really nice one in excellent condition for a reasonable price, why not go for it? There is no reason as to why you shouldn’t be interested in a good deal like this. A bank repo auction is where second hand cars are sold when they are taken away from their owners due to non-payment issues and then bank used cars repossession auctions sell them off at a cheap price. Just because they are second hand cheap vehicles it doesn’t mean you have to be sceptical about buying them; credit crunch or not, a pre-owned car can be picked up at a wonderful price at an auction. You can come from any one of the countries around the world and purchase from an auction in South Africa, or you can even “attend” auctions online. A bank repo auction is held quite often, and some banks even schedule them for every week if they feel the need to. The only thing you have to remember when you are going to an… Read More

Used car auctions selling second hand vehicles can be attended in many cities around the country and they are generally held by banks such as ABSA, FNB, Nedbank and Standard Bank. The type of vehicle you are looking for is important too, but when you visit an auction, there will normally be a wide selection of Mitsibushi, Toyota and Nissan vehicles for sale among others. If you would prefer it, there should also be a few motorcycles on sale, so you could even walk away with a second hand vehicle and motorcycle for a price you would never have imagined possible. You can find advertisements or even visit the banks and ask them the details of their used car auctions selling second hand vehicles. Should you have a Standard Bank, Nedbank, FNB or ABSA branch near you, contact them and find out where and when they will have an auction, and make sure you are there! It doesn’t matter whether it is the motorcycles you are interested in, or whether a Toyota, Nissan or Mitsibushi is more your style, you are sure to find something you like. There are many vehicles for sale, so making a decision between them all may be a little difficult, but you will reach a decision in no time. When you are looking to purchase a vehicle, second hand ones from auctions are great to go for as most of them are in good condition and you will pick them up for an excellent price.… Read More

Repossessed car auctions by banks worldwide are great to attend, whether you physically attend the auction or join and “attend” online, both of these ways can work. The great aspect about online auctions is that you can buy a cheap vehicle from just about any of the countries around the world, depending on the boundaries of the auction. As the vehicles are repossessed, they will not be brand new, but rather pre-owned, but are sure to be in good condition. With the thought of the credit crunch that always seems to be hanging in the air, it is difficult for a number of people to afford a brand new vehicle on their own. Second hand vehicles seem to sell more than new ones do, and there is no better place to find a good bank repo car than by attending repossessed car auctions by banks worldwide. It is possible to buy a cheap vehicle that is second hand, as all countries normally take part in auctions online, so you will have a wide selection to choose from. There is nothing to worry about when buying a bank repo car, just because the vehicle is pre-owned it doesn’t mean that it has to be in bad condition. Even if you find that you are suffering from the credit crunch, you might have enough of your own cash saved up that you can use, as you should be able to find a car that you can afford. When a vehicle is repossessed,… Read More