All Topics / Help Needed! / Mortgagee in possession

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  • Profile photo of PamalamutesPamalamutes
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    @pamalamutes
    Join Date: 2012
    Post Count: 14
    August 18, 2012 - 8:22 am

    Any ideas where I can find some sort of listing of properties that are to be auctioned/sold as mortgagee in possession

    Profile photo of N@thanN@than
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    @n-than
    Join Date: 2010
    Post Count: 241
    August 18, 2012 - 9:11 am

    Hi Pamalamutes,

    http://www.mipsales.com.au is a website for those sorts of properties that are for sale.

    -Nathan

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 18, 2012 - 9:12 am

    Why do you want to find these properties?

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of RyanJDRyanJD
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    @ryanjd
    Join Date: 2011
    Post Count: 77
    August 18, 2012 - 10:42 am

    Everyone hears that these are the cheapest to buy, not always true but i have seen a few.

    Profile photo of TheFinanceShopTheFinanceShop
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    @thefinanceshop
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    August 18, 2012 - 1:23 pm

    Also try Trustee sales – you can grab yourself a bargain there but its tough to get one in the Sydney market.

    Regards

    Shahin

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
    Email Me | Phone Me

    Residential and Commercial Brokerage

    Profile photo of PamalamutesPamalamutes
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    @pamalamutes
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    Post Count: 14
    August 18, 2012 - 9:25 pm

    Thanks for all the tips on where to look for mortgagee in possession properties. It is just an area that has come to my attention that may provide another resource of properties that are coming on the market. Trying to cover all bases of research.

    Thanks again.

    Al

    Profile photo of ChrisA1ChrisA1
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    @chrisa1
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    Post Count: 172
    August 19, 2012 - 5:00 am

    Being a stickybeak, I went onto mipsales.com.au and I kept getting a potential virus alert from my virus progam (AVG). Does anyone else get this virus alert??

    I think I'll stick to the conventional 'bug the RE agents' approach if this continues….

    ChrisA1

    Persistence is 'to keep on keeping on, no matter how hard the going may be'

    Profile photo of N@thanN@than
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    @n-than
    Join Date: 2010
    Post Count: 241
    August 19, 2012 - 5:58 am
    ChrisA1 wrote:
    Being a stickybeak, I went onto mipsales.com.au and I kept getting a potential virus alert from my virus progam (AVG). Does anyone else get this virus alert??

    I think I'll stick to the conventional 'bug the RE agents' approach if this continues….

    I use Kaspersky and it doesn't come up with any virus alert? Make sure you put the .au as without it it is a different site and has caught me out a few times. But neither of them have given me a virus?

    Profile photo of M.InvestigatorM.Investigator
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    @m.investigator
    Join Date: 2012
    Post Count: 134
    August 19, 2012 - 7:25 am

    Another method would be to use realestate.com.au or domain.com.au but type in the keyword "mortgagee" so that your results are only those that have mortgagee in them. This could be a faster way for you to find them.

    However, be aware that not all property ads on those websites which are mortgagee in possession actually advertise that they are so. Sometimes you just have to ask the seller/real estate agent.

    Profile photo of PamalamutesPamalamutes
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    @pamalamutes
    Join Date: 2012
    Post Count: 14
    August 19, 2012 - 7:32 am

    Thanks Matthew. Previous poster gave me the tip about domain, so will try the same with Realestate.com. Thanks for your help

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