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Response to wanting to buy a repossessed house?

from Chris (chris@anonymous.co.uk)
I'm sorry to disagree but it is not always the case with a quick sale! My partner's property was repossessed in 1993 - it was not put on the market but was auctioned off almost immediately (within weeks) resulting in them now chasing him for a £38,000 shortfall. I think the message is, judging by all the repossesses within this site, that the Building Societies do not care whether the property is sold quickly, over a longer period of time, or whatever as they can chase the previous owner for so many years.
(posted 8101 days ago)

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