Repossession opportunities

Anybody who has been watching the financial media over the last few weeks will know that the stormy conditions are not confined to the weather.

Despite the fact that it is now 3 years since the economy was hit by the financial tsunami that was the 'credit crunch' many banks are still nursing exposure to the 'scooby loans' on their lending books.

They are slowly unwinding their positions by selling off repossessed property. Many of which find their way to the auction market. A glance down the list of residential properties available at the latest residential auction to be held by Allsops on the 15th September highlights the numbers of properties still hitting the auction rooms.

Somebodies pain could well be your gain. Have a look at our guide at buying at auction.

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