How is a house re-possessed by the bank sold

Tomjim

Are there specific auctioneers dealing with the above.

pancakes rule

Probably varies from area to area, but probably through a large estate agency.

Joey the lips

Your a horrid person...:) I thought the same and i was told i am awful

Apparently they hand it over to an estate agent. The estate agent does not get the lowest price but the market price. The only difference is usually the house has been empty so there is no waiting to move in etc. The sad side is there is usually a fair bit of work to be done as upkeep becomes a problem for the previous owners due to no funds.

Just phone any of the big agants and ask them have they been asked to sell any houses for banks... Be blunt. Tell them you have little money and are hopeing for a good bargin.

Just be careful though. a lot of repossisions have legal letters arrive for months after.

Fozzie Bear

Not sure where you are based OP but I know Sherry Fitz are handling all of these sales for Ulster Bank in Galway. It maybe the same case nationwide for UB & SF at least...

dennistuam

normally the bank get the valuer that originally valued it in the first place