Auctions
Bank-owned homes sold by timed online auction, and upcoming Sheriff sales in execution.
Banks sell homes they have repossessed and now own. Register (ID-verified) and bid until the clock runs out; a bid in the last two minutes adds two minutes. The highest bid goes to the bank, which confirms or declines it within 3 business days — only then is there a sale, and you sign the Agreement of Sale and pay the deposit into the conveyancer’s trust account as in any Lakitsi deal. How auctions work
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