These Standard Bank Properties In Possession are bank repossessed houses. The bank will look to recoup some of the loses from the outstanding home loan by placing these properties on auction and/or by selling the property online. Standard Bank has one of the largest repo property books currently, with hundreds of properties available throughout South Africa.
Buying a Standard Bank Repossessed property can be a very good investment, as these houses are often sold well below their market value.
Additionally, the bank pays the transfer cost, agent commissions and any outstanding rate and taxes on the property.
100% home loans are also available on Nedbank Repo Houses and ABSA Repo Properties