Overdue rates led to mortgagee sale

[donna]

$32K of unpaid rates led to a mortgagee sale. Owner’s troubles started in 2016….

[donna]

Hi All,

I was reading the news item about prospective buyers not being allowed inside to view inside the 'mortgagee sale' property.

You'd have to put in a really lowball offer in case the property is trashed and smashed up just before the existing homeowner is forcibly removed....

[donna]

Yesterday, the news was properties sold over $2M in AKL was up. Today, it's grab a bargain with these distressed properties for sale from City Sales.

A couple of the descriptions start with....









Some of the units are a...

[donna]

Yep, I am one of the mortgagees coming off a fixed rate next year, and the best deal I will get will be almost double my current interest rate!

There are a huge amount of mortgages coming off fixed rates next year - RBNZ data says 54% of all mortgages - are facing $$ thousands more per...

[Lave7477]

Hi, I am trying to purchase a mortgagee sale property in Auckland, and I understand that I would be responsible for insuring the property from when my offer is accepted (assuming it gets accepted), does anyone know any insurance companies who would cover this as the ones I phoned today all said they...

[donna]

Hi All,

I think this is worthy of discussion. Here is s family that has a combined income of $8700 per month and repayments of $4000 (45.9%). Their lender says they can afford the repayments and they've not been given proof of hardship. Now the borrowers face mortgagee sale of their...

[Nicco]

Hi All,
I am considering bidding on a property at mortgagee auction however have found that there is this clause on the title: Subject to setion 27B state owned enterprises act 1986 (which provides for the resumption of land on the recommendation of the Waitangi Tribunal and which does not provide...

[virgil]

i am seriously looking at purchasing a property at mortgagee auction. on the CT a charging order absolute is listed between the origional proprietors & a business. I have a copy of the COA in the info pack & its for rather a large amount of money. how cautious should I be with this? if sucessful...

[Auckland PIA]

Tuesday 9th March 2010
Rutherford Room, Alexandra Park Convention Centre, Entry via Gate B cnr Green Lane West and Manukau Road
Doors open 6.45pm for 7.30 prompt start




APIA and the Waikato Real Estate Limited presents, Chas Wilson, Phil Horrobin...

[muppet]

Mangere hit by mortgagee sales as downturn bites

4:00AM Wednesday May 20, 2009
By Simon Collins
...

[Matt Gilligan]

Insolvent Investors - Advice For You

I have been meeting with and advising many insolvent property investors this year. I wanted to drop a few points down that may help you if you are in this situation, or perhaps know someone in this situation.



My process...