Once the bank has repossessed a home, it will then look to recoup some of the loses it has made by placing it on auction or sometimes by selling the property online.
Nedbank has one of the largest repo property books currently, with hundreds of properties available throughout South Africa.
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Frequently Asked Questions:
How Do I Check If A Property Is Still Available?
To check the availability of a property, contact the Nedbank Contact Centre,
on 0860 911 007.
I’m ready to make an offer on a Nedbank Owned Property. What documents do I need?
Purchasing a Nedbank Owned Property is simple, and there’s really just one important document you will need, and that’s the Offer to Purchase. Contact Nedbank directly for the relevant offer-to-purchase.
What does it mean that these Nedbank Repossessed Houses are sold ‘voetstoots’ ?
All Nedbank Owned Properties are sold ‘voetstoots’, meaning ‘as is’. Therefore, any alterations that you’d like to consider after purchase will not be covered by Nedbank and will be for your own account
How to buy Repossessed Properties and Avoid the Common Snags
How to turn a Nedbank Repo into a great investment