Feb 25 2017, 10:32 PM
QUOTE(InfoCatcher @ Feb 25 2017, 06:53 PM)
Thanks Alex,
I am not thinking about auction yet. But can I approach bank to sell just like agent approach a potential buyer? Will bank do this kind of investment?
If auction, do I need to go thru agent for the auction or directly approach bank?
the banks do not buy properties from their clients ..period.I am not thinking about auction yet. But can I approach bank to sell just like agent approach a potential buyer? Will bank do this kind of investment?
If auction, do I need to go thru agent for the auction or directly approach bank?
anyway, don't think their banking licences allow these kind of transactions.
You can get an auctioneer to do a private auction on your property.
The bank will only auction your property if you stop paying your loans after a certain period of time - loan default and then foreclosure.
You can try talking to the bank about it first.
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