Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,158,425 members, 7,836,695 topics. Date: Wednesday, 22 May 2024 at 11:38 AM |
Nairaland Forum / Nairaland / General / Business / Buying And Selling Repossessed Cars And Foreclosed Homes (5237 Views)
How To Make Money Cultivating, Buying And Selling Of Cassava Tubers / How do I Start Importing Gold Chain And Selling In Nigeira. / Buying Gold In Ghana And Selling In 9ja. (2) (3) (4)
Re: Buying And Selling Repossessed Cars And Foreclosed Homes by Ojame(m): 1:00am On Jan 13, 2010 |
Actually, banks and/or finance houses sell repossessed items for as much as they can get, and they will indeed give any surplus over what is owed back to the foreclosed individual,less some administrative costs of course, at least in the UK they will. Most banks have an estate division within the bank set up,or may use particular agents to sell the property. Such properties are not generally advertised as being repossessed, and may also be advertised at normal market value initially,however, make an offer and sure enough (especially if u know the property is a repossessed one) you may get it at a much reduced rate, but one that certainly gets the bank/finance house its money back. A lot of these properties are auctioned with a reserve price attached (that is, a price below which the seller will/may not sell). Sometimes, they may even invite tenders, and in this case those in the business (with a lot of liquidity) stand a chance of getting these items at a pretty good price. Of course they sell later at a profit. Check the papers for auctions of houses and cars you'll find many of these items have been placed there by finance houses/banks. Bottom line, you need CASH. |
Re: Buying And Selling Repossessed Cars And Foreclosed Homes by tavivirlber: 8:50pm On Apr 28, 2010 |
Hey What's up? [url=http://www.macombdaily.com/articles/2009/01/14/news/srv0000004489739.txt%22]bitch[/url] |
Re: Buying And Selling Repossessed Cars And Foreclosed Homes by chukzyfcbb: 12:36pm On May 18 |
Seun:After reading a bit about foreclosures, I realized that some big banks such as JP Morgan chase and even wells Fargo participated in this fraudulent practice thanks to chatgpt Using fake bidder's to buy property at incredibly low rate so they can repossess the asset and later resell it at the actual rate. Unfortunately the borrower has no right to decide how the foreclosure or sell happens |
IQ Options (testimonies, Strategies And Reviews) / What Do You Know About MTN Quick 5 And Mega Lotto? / How To Fund Your Betfair, Bet365 And Williamhill Account.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10 |