Mortgagee in possession

Viewing 10 posts - 1 through 10 (of 10 total)

Pamalamutes
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@pamalamutes
Join Date: 2012
Post Count: 14
August 18, 2012 - 8:22 am
Any ideas where I can find some sort of listing of properties that are to be auctioned/sold as mortgagee in possession
N@than
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@n-than
Join Date: 2010
Post Count: 241
August 18, 2012 - 9:11 am
Hi Pamalamutes,
http://www.mipsales.com.au is a website for those sorts of properties that are for sale.
-Nathan
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
August 18, 2012 - 9:12 am
Why do you want to find these properties?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
RyanJD
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@ryanjd
Join Date: 2011
Post Count: 77
August 18, 2012 - 10:42 am
Everyone hears that these are the cheapest to buy, not always true but i have seen a few.
TheFinanceShop
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@thefinanceshop
Join Date: 2012
Post Count: 1,271
August 18, 2012 - 1:23 pm
Also try Trustee sales – you can grab yourself a bargain there but its tough to get one in the Sydney market.
Regards
Shahin
TheFinanceShop | Elite Property Finance
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Residential and Commercial Brokerage
Pamalamutes
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@pamalamutes
Join Date: 2012
Post Count: 14
August 18, 2012 - 9:25 pm
Thanks for all the tips on where to look for mortgagee in possession properties. It is just an area that has come to my attention that may provide another resource of properties that are coming on the market. Trying to cover all bases of research.
Thanks again.
Al
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
August 19, 2012 - 5:00 am
Being a stickybeak, I went onto mipsales.com.au and I kept getting a potential virus alert from my virus progam (AVG). Does anyone else get this virus alert??
I think I'll stick to the conventional 'bug the RE agents' approach if this continues….
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
N@than
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@n-than
Join Date: 2010
Post Count: 241
August 19, 2012 - 5:58 am
ChrisA1 wrote:
Being a stickybeak, I went onto mipsales.com.au and I kept getting a potential virus alert from my virus progam (AVG). Does anyone else get this virus alert??
I think I'll stick to the conventional 'bug the RE agents' approach if this continues….
I use Kaspersky and it doesn't come up with any virus alert? Make sure you put the .au as without it it is a different site and has caught me out a few times. But neither of them have given me a virus?
M.Investigator
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@m.investigator
Join Date: 2012
Post Count: 134
August 19, 2012 - 7:25 am
Another method would be to use realestate.com.au or domain.com.au but type in the keyword "mortgagee" so that your results are only those that have mortgagee in them. This could be a faster way for you to find them.
However, be aware that not all property ads on those websites which are mortgagee in possession actually advertise that they are so. Sometimes you just have to ask the seller/real estate agent.
Pamalamutes
Participant
@pamalamutes
Join Date: 2012
Post Count: 14
August 19, 2012 - 7:32 am
Thanks Matthew. Previous poster gave me the tip about domain, so will try the same with Realestate.com. Thanks for your help