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Properties are usually repossessed when an owner has defaulted on their mortgage and fallen into arrears, or the mortgage lender, who – as a result. There has been an increase in the number of repossessed homes becoming available at auction houses, according to the Council of Mortgage Lenders. Repossessed houses are usually put up for auction by the bank. This is known as a Sale in Execution. You could also purchase the home directly from the borrower.

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Many of the repossessed houses we can show you are direct from banks and are generally due to the previous owner being unable to continue their mortgage. He or she may say that your property will be repossessed. This means eviction. · The judge may make a suspended possession order. This allows the owner of the. Repossessed houses are usually put up for auction by the bank. This is known as a Sale in Execution. You could also purchase the home directly from the borrower.

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Propertycom has the largest selection of repossessed houses, flats, private property and farms for sale in South Africa. Avoid houses being repossessed by the banks. Some people are getting behind with mortgages. Ending up leaving their house. Legal rights to stay in the property · Lender's permission · Tenancy agreements · Attending the court hearing · Paying rent · Getting your deposit back · Notice to.