Repossessed Houses For Sale

A repossessed property is a home that has been taken back by the mortgage lender because the previous owner could not keep up with their mortgage payments. These properties are often sold below market value.

Repossessed properties are typically sold at 10-30% below market value because lenders want a quick sale. However, they may need renovation work and are usually sold as-seen.

Yes, you can get a mortgage on most repossessed properties. However, some lenders may require a larger deposit if the property needs significant work. Cash buyers can often move faster.