How do you find repossessed homes to buy

A question about : How do you find repossessed homes to buy

Hello
I have looked on the Internet and they seem to require a regular fee for me to view all properties in Leicestershire area that are coming up for auction.

I would have thought it would have been more readily available especially when they say repossession of homes is on the increase.

Does anyone know of a way to find out details of properties in your local area for free???

Your help would be most appreciated.

Best answers:

• Google Propety Auctions..Savils,Alsops are just two of many.
• Google Property Auctions..Savils,Alsops are just two of many.
• Countrywide is another one.
• Not all repossessed homes go to auction. Get hold of the Mercury on houses night - you will see notification of offers on repos in the estate agent ads. Seems to be concentrated on just a few agents. Give them a ring and ask to be notified of all.
  However, in my local area (not far from you) the repos don't seem to go for less than market value. A bit like houses needing renovation - people think they'll automatically get a bargain and seem to lose their heads a bit.
• Nearly all repos go on via EA's long before they hit an auction.
• Hi! you can get these repossessed houses. I had a website as well.I will dig it out and post it here for you to see asap. The deals were fantastic but i did'nt have enough cash for deposit.
• Many repossesed house don't sell for much less than any other house that is on the market. Many that I have dealt with recently have actually been sold for OVER asking price, so don't assume you are going to get a bargain!
  Whereabouts in Leicestershire are you looking? I may be able to help you.
• Repo'd houses generally go to auction houses. Whether it's a bargain depends on how many people are bidding for it! There are what appears on the face of it to be some absolute bargains; but then they might have damp-rot or need underpinning or the roof might have collapsed last Tuesday - who knows.
  Try for example www.barnardmarcusauctions.co.uk
  I'm not affiliated with them in anyway btw...
• Heres some auctioneers. Do remember what seems a "fantastic price" is only the guide price and they very often go for more.
  https://www.wheresmyproperty.com/auctions/lo.htm
• Many repossessed houses go through estate agents first. They rarely say repossessed - just vacant possession, or no chain. As others have said, auction properties often go for way over the guide price and many are sold for what they would fetch on the open market anyway. The Edward Mellor EA's site had a good guide to buying properties at auction. Hope this helps.
• hi everyone theirs a house been repossed near me & a estate agent has it up for sale,is their anyway i can find out which bank/building society is owed the money.
  thanks andy.
• If you buy a copy of the title from the land registry then it should show what is secured on it. If you use Land Registry line then it costs around Ј3.
  By the way, why have you replied to this old thread instead of starting a new one :confused:
• Were the OP and the new poster asking the same thing then I have no issue with posts being merged. However, the original post is 'how can I find a repossession to buy' and the new post is 'I've seen a repossession for sale, how can I find out who the mortgage lender is'. They are totally unrelated questions apart from the fact they both have the word 'repossession' in them.
  If all posts with the same keyword in were merged then the board would be even more confusing!
  However, I do agree; a sticky on buying a repossessed property would be good although whether people would read it before posting is another matter!
• I use Globrix and filter on keywords 'no chain' which helps to identify a lot of repossessions in my area https://www.globrix.com/property/buy/
• I agree, what makes you think that you will get a bargain with a repossession? Why not try bereavement/forced sales offered through estate agents and buy the conventional way, they seem to sell eventually for less. I imagine you are looking to buy a house that you can renovate and do up.