Depends on where they are, perhaps?You would expect with increased demand/prices these properties would start coming onto the market!
This is true, however, 'Ireland being Ireland' - I'm aware of one case where a property was repossessed by a bank and was bought by someone 'who knew someone' at the bank and the house was never put on the open market.This would be a sensitive area for the bank. It's likely that they will pass the house over to an auctioneer to sell publicly. If they sold it without putting it on the market, they could be accused later of not getting the maximum price for it.
So it's likely that you will see an auctioneer's sign going up outside in soon.
A friend of mine who lives in the US said it's quite common for people to approach banks to take repossessed homes off their hands. Quick sale and all that. I suppose, things are different over there in that you can hand back the keys and walk away, unlike here where it never leaves you or your family.
It does if you go bankrupt to deal with any shortfall.
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