I’m interested in buying a Repo (in the banks possession) but have never bought a house this way and was wondering what the best way to go about it is. The asking price for the house is $406,000 which is around market value, but the house is in disarray and would need all new carpet, new paint, and some drywall work and replacing of fixtures. I’m tempted to just put in a lowball offer but think it might be helpful if I knew what amount of money the bank is trying to recover, what repo fees they want to recover, and what the real estate agent who is selling the house expects to make as commission so I can make the lowest offer possible without getting blown off. Any suggestions on how to proceed?

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needs, not that of your creditors. This means we can deliver a solution that will always be best suited to your specific needs and circumstances. When you are under growing pressure from the Banks, HMRC, Creditors and possible house repossession, it can sometimes seem as if there is no way out. However, Tenable Solutions can show you many practical alternatives and options by drawing on our unrivalled knowledge and experience, carefully co-ordinating each separate element to deliver a …

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needs, not that of your creditors. This means we can deliver a solution that will always be best suited to your specific needs and circumstances. When you are under growing pressure from the Banks, HMRC, Creditors and possible house repossession, it can sometimes seem as if there is no way out. However, Tenable Solutions can show you many practical alternatives and options by drawing on our unrivalled knowledge and experience, carefully co-ordinating each separate element to deliver a …

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