- Jon Chown wrote:Why on earth would anyone want a list of foreclosure Properties. If you think that you are going to get any special deal here then guess again. Try following any Public Trustee auction and you will see that in many cases they get more than the property is worth just because so many people go to these auctions in the belief that they are going to secure a bargain and they continue to out bid each other to above real value.
The Seller/Auctioneer have a very strict duty of care to make sure that they obtain best value for the property in order to stop the Original owner sueing the forcloser for underselling their property. Stop and think about how you would feel if the shoe were on the other foot and it was your property being foreclosed. Would you like to think that the Bank did everything in their power to make sure that you got the best price? I'm sure you would.
Whoa, there, Jon.
I haven't decided on anything yet. I'm looking at a lot of options – which I think is wise. It's called research, I believe. Thankfully I'm not naive enough to beleive that buying a home under these circumstances means I'll get it for close to nothing. Just exploring.
try typing this into google "mortgage sale site:www.realestate.com.au" and if you want just add in a suburb name or any other details you want before the site reference.
Just now in google:
"mortgagee sale" in realestate.com.au gives about 672 listings
"motivated seller" in realestate.com.au gives about 404 listingsHello to everyone, do all of you aware of the importance of a property now a days. It is a assert for your upcoming generation. Please do bother when there is a good offer. Do just overlook it. It's very important in day to days life. I also agree with Jon, study the situation your are into then step forward.
silverster
foreclosuresWhy not just go to all the auctions in the area where you want to find a foreclosed property and put a low bid in? The ones that accept are probably bank sales – they probably have reserves set at valuation levels not vendor and REA speculation.
Ultimately, you are chasing the low price, right? Not the fact that it was actually a foreclosed property.
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