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Buying a repo / from the bank

hots · 2018-08-22 13:31:10

Currently in the process of bidding on a repossessed house, looking for war stories to put me off. Already have been dragged along for weeks with people being sick/on hols. From other posts looks like anything from 6 weeks to a year or more even, and the potential for issues for solicitors paperwork. Anything else I need…

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22-08-2018 2:31pm

#1

hots

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Currently in the process of bidding on a repossessed house, looking for war stories to put me off. Already have been dragged along for weeks with people being sick/on hols. From other posts looks like anything from 6 weeks to a year or more even, and the potential for issues for solicitors paperwork. Anything else I need to consider?

Property is empty now but had been let out up until recently.

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#2 22-08-2018 2:42pm
Samuel T. Cogley

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Any house can take upto a year to close in fairness. Banks just tend to meet about these things once a month or so, which slows things down.

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