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  • Profile photo of LiLoLiLo
    Member
    @lilo
    Join Date: 2010
    Post Count: 4

    Would be the bank keen to reduce the price of repo property if a buyer offers a cash?

    Profile photo of LiLoLiLo
    Member
    @lilo
    Join Date: 2010
    Post Count: 4

    Hi Ryan

    Well I was just wondering if something like this is possible and what it would take to get a hands of this kind of property. I did not expect it to be easy since everybody could the the same.

    However, it is still a mystery to me that if the Bank is trying to sell repo property on as high price and as quickly as possible why this is not advertised somewhere.

    > Find properties that have been on their books for a long time which won't sell and make a low ball offer.
    So the way to get hands on their books is to just call any bank and ask for repo property book? Are they willing to share this information with anyone?

    thank you

    Profile photo of LiLoLiLo
    Member
    @lilo
    Join Date: 2010
    Post Count: 4

    Hi Richard,

    thanks for the answer. Are the agents you mentioned above nominated by the bank which is selling the property?

    thanks

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