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Repossessions and auctions

Language: English Series: Estate Agent ; April 2009, 6-7(2)Publication details: 2009Subject(s): Summary: Reveals that while most properties taken by lenders are still sold by estate agents, the auction houses are quickly gaining ground. Reviews the changing market situation including a growing trend to fast-track a repossession into auction, where properties have often fetched very low prices. Finds that the re-emergence of repossessed properties in the auction room marks the return of the investor.

Reveals that while most properties taken by lenders are still sold by estate agents, the auction houses are quickly gaining ground. Reviews the changing market situation including a growing trend to fast-track a repossession into auction, where properties have often fetched very low prices. Finds that the re-emergence of repossessed properties in the auction room marks the return of the investor.