| Bank Repossession Bid List
Home Only and Land and Home
Click
Here For List
Click
Here to view our bank repossession bid list. The list
is usually placed on our website by the 10th of each month.
The following homes are owned by the bank and were taken by
repossession for various reasons. Some of them are in excellent
shape and almost new, some of them are in fair or poor condition.
We charge a 10% buyers commission to you on the face value
of the home if you place a bid. The 10% must be paid before
you place your bid. You may bid any amount you want; however,
your bid will probably not get accepted if it under 15% of
the asking price. If it is not accepted, you may always increase
your bid. Many of the homes get sold at the listing price,
so place your bid accordingly.
If your bid is placed at the face amount of the asking price
you will almost always be awarded the home if it is not already
sold. We recommend you place your bid as soon as possible
because most homes are sold by the end of each month.
Guidelines:
1. We do not have pictures or any information on the repossessions
except what you see online.
2. Because of the volume of requests we have, we will not
show the homes or give out addresses until you have paid the
10% commission up front.
3. We will refund the commission if you do not place a bid
on the home(s) you have seen.
4. 10% commission is paid on the asking amount of the repossession.
5. We recommend you bid no less than 10%-15% under the asking
price.
6. These are cash only transactions. You should have your
cash available before shopping.
Please call us
at 407-935-0098
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