Originally Posted by
Shings
I'm not too up on it... but I think you bang in a bid and if its accepted they have to publish in the local paper that they've had an offer - Mortgages in Possession Act or somet and there is 7 days in which other people need to offer higher bids.
Yeah thats it, just to let you know can be a nightmare. Was with the one i tried before. But becuase the market has worsend a lot since you might have better luck. The other thing to consider with buying repo mate is you need the funds very quick if offer is accepted so also another thing to bare in mind. Speak to the estate agents etc before putting a offer with the terms etc.