Repossessed Houses

[Ric.ror]

Anyone got any advice about buying one?

[mandimoo]

i think im right in saying that the bank is the owner, as they have claimed it back of the non payer of the previous mortgage. they just want to claw back any losses. offer less than the asking price and then offer a bit more when they turn it down.

[angeldraws]

I bought one years ago and as mandimoo says - offer less, see how it goes then offer more if nec'y

apart from that it's just the same as buying any other....