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Tag Archive for ‘repossession’

What To Know When Buying A Repossessed Property

The process involved in buying a repossessed property differs significantly from that of a standard residential sale. There are many more factors to consider so it’s wise to be aware of what to expect. A repossession is a property that has been seized by the bank as the owners have failed to maintain their mortgage payments. As standard in any mortgage agreement, the bank will take control of the property […]

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