Response to Under-valuing of repossessd houses/flats

I think you are right, but I wonder how we can use the information. It's easy as counting 123 to find repossessed properties at an Estate Agent. Black Horse Agencies sold my property some years ago, and undervalued it by some 20K compared to local sales and the re-mortgage valuation done less than a year before. The Estate Agents actually told me, to my face, that they were instructed by my Lender to "get anything they could" and shift it. Best price possible my rear end. The valuation tables on those sites posted here on the HRP even show how much of a discrepancy there was (Nationwide, Upmystreet etc)Those tables showed the average in a given area, but factor in the more popular roads and neighbourhoods in a town and schools etc..you have an even bigger red flag waving about undervaluation. Take the vultures who post on here asking where they can find repossessed houses - where do they get the idea of a bargain to be had if it's not an actual fact?

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