Can you buy repossessed homes in Melbourne, Aust?
Repossessed homes are generally sold at auction as this will get the market value and could possibly get the Bank more money. To answer your question, you can buy repossessed homes, best asking real estate agents or even checking www.realestate.com.au or www.domain.com.au for new listings Real estate agents will disclose information regarding foreclosures, and it is always in your best interest to read over the contract of sale as their may be a caveat (third party loan) on the property.
