Repossessed homes are big business and a new website gives investors the chance to snap them up. Rupert Jones reportsA short cut to a bargain home, or a way of profiting from other people’s misery? It is a debate that will rumble on after a new website was unveiled today that allows investors to snap up repossessed properties at competitive prices.The launch of PropertyEarth comes three months after the arrival on these shores of controversial US “repo” auction company REDC, which specialises in selling off homes seized by banks and building societies. Continue reading…
Source : theguardian.com
Read more…Repossessions: A chance to buy at a reasonable price or profiting from others’ misery?
