BY ORDER OF MORTGAGEES an auction opportunity?

Landlords who are brave enough to ignore the predictions from some leading commentators such as Graham Beale the chief executive of the Nationwide Building Society who this week conceded to the BBCs Business Correspondent Robert Preston that house prices could fall by as much as 25% from peak to trough may be interested in these potential property investment bargains.

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Those landlords brave enough to ignore the 'doomsayers' should check out over 400 properties in the forthcoming Allsop residential auction to be held on the 18 & 22 of September. One striking factor is the frequency of the term BY ORDER OF MORTGAGEES. This is indeed a very sad indictment of the current housing market but equally it represents an opportunity for those landlords able to raise sufficient finance.

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For Portfolio landlords Allsops are also selling a portfolio of residential investment blocks previously owned on behalf of the receivers. For those landlords that can raise big bucks then this could be an opportunity to step up to the big time by acquiring hundreds of rental properties in one fell swoop.

For more auction opportunities have a look at EIGs website and also auctions property for sale

For more advice have a look at this article on buying at auction