Hi
Does anyone know how you can go about finding mortgagee sales for Perth?
Are they advertised?
Do you just search suburbs where prices are decreasing?
ThanksAll sales by the mortgagee in possession are normally sold at Auction as the lender has an obligation to achieve the highest price possible.
Certain agent in each area will have close ties with some fo the Banks so it is a matter of forging these relationships.
Obviously it is in the Banks best interest to keep the fact that they are selling under their power as Mortgagee in Possession quiet so as to avoid the vultures who gather for such an event.
Richard Taylor | Australia's leading private lender
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