House repossession is a situation that is not to be in. From a home owners perspective, it is the worst, however from an investment point of view, figures showing a rise in house repossession is good news. It means that there are increasing opportunities for buying investment property at below market value. Most repossessed property (in the US they are referred to as foreclosures) are disposed of at property auctions. This is not always the case though and you may need to engage the services of a property finder in order to find where the house repossessions from a particular mortgage lender are placed on sale. Read more

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