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Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]
Daveyton is a township in the Ekurhuleni Metropolitan Municipality of Gauteng in South Africa. It borders Etwatwa to the north-east, Springs to the south and Benoni to the south-west. The nearest town is Benoni, which is approximately 18 kilometres away.
A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate owned). In these situations, the owner/servicer tries to sell it through standard real estate channels.
(The house above, located in Garfield Heights, Ohio, is listed for just $9,900.) Buy a house for less than it costs to buy a car? According to a recent report in Time's "Moneyland" column, this ...
Initially, the business located repossessed houses and sold the information to real estate agents, expanding by 1998 to cover 100,000 properties in the state of California. [7] [10] In 1996 White teamed up with Hughes Aircraft Research Engineer Ronald Schwarzrock to found Realtytrac Information Systems LLC, with Keane as the lead programmer.
Property Wars is an American reality television series that airs on the Discovery Channel and premiered on July 12, 2012. [1] The second season was announced on December 18, 2012, with the season debut on January 10, 2013. [ 2 ]