Property Auctions: How To Identify A Repossession

How can I identify repossessions at auction?

To identify repossessed properties coming up for sale at auction, there are several things you can look out for. In some cases, it will say by order of the mortgagees. In others, it will actually say who's selling it. So it might say for sale by order of Halifax. And other times it will say by order of the receiver, etcetera, etcetera. This will give you an indication. However, not all properties sold which have been repossessed either by a receiver, administrator or bank will have this flag on the title and details in the catalog. If you suspect it's a repossession, the easiest thing to do is to phone up the vendor listed and ask who the vendor is and they will tell you.