just a quick question.wanting to know if there are aqny foreclosure properties here in oz and if there are how to source them?ta
There are but they are nowhere near as lucrative as in the US. When a property is foreclosed on, the mortgagee has the legal onus to sell at fair market value.
And they will be hard to locate. There are no ‘lists’ or website etc where you could find these properties.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Just as well. Its not very Australian to profit from other peoples misfortune. Just m.o.a. John
John Groeneveld
You are better off going for public trustee sales.
they have to be identified and not all agents get them.
Byronent
Adelaide SAHello Byronent
what is a public trustee sale
what types of properties are they and how do we axcess the 4 sale listcheers
BJContact the public trustees office.
They look after wills and estates, most deals go to auctions.
Byronent
Adelaide SAI have been to a State Trustee auction in Melbourne and it wasn’t much different than buying from an ordinary seller. Unfortunately, not much cheaper than a usual auction, and people where more interested because they thought it might be cheaper.
If anyone knows a site of upcoming auctions, please let us all know.
My online investing diary: http://retireyoungandwealthy.blogspot.com/
http://www.pt.qld.gov.au/legal/links.htm
here is an example for queensland auctions
http://www.pt.qld.gov.au/auctions/catalog.htmhere is an example of houses for sale
http://www.pt.qld.gov.au/auctions/sales.htmJust for your info, sometimes it is true the price is no good, but I have been too Auctions where I got a great buy for my plans.
Goodluck all I am off too bed.
Byronent
Adelaide SA
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