FNB Repossessed Houses in Pretoria

What are repossessed houses?

These properties are originally financed by the bank on behalf of the client. If the client defaults on payments and can no longer afford to make repayments, the bank repossesses the house to recoup costs. 

First National Bank (FNB) has developed specialised repossessed houses solutions.

FNB Repossessed Houses:

Quick Sell Property

FNB grants up to 100% bonds and there is no deposit required.

Sale in Execution

This includes public auction of a property, to recover outstanding monies on a home loan.

Property in Possession

A property becomes a ‘Property in Possession’ (PIP) or Bank Repossessed Property, once a customer has defaulted and the bank’s reserve was not achieved at auction. No transfer duty is payable by the purchaser.

By visiting the www.privateproperty.co.za website, one is able to access a variety of FNB repossessed houses in Pretoria.

What are the benefits of considering FNB Repossessed houses in Pretoria?

These houses are sold well below their true market value.

The bank is usually only interested in recovering their losses and is therefore highly likely to accept low offers for these houses.

If you are looking at buying property in Pretoria, these houses may be worthwhile to consider. FNB is able to provide you with purchasing options to suit your individual needs and affordability, so you get the benefits of a personalised solution. Buying a house no longer has to be a complicated, confusing and lengthy process. With FNB repossessed houses in Pretoria, you are able to get the assistance you need to purchase prime property in the city.

Pretoria has some quality prime property available. The city is an urban area that continues to grow and may be considered a commercially viable arear in which to live or invest in.

Visit www.fnb.co.za to find out more about how you can benefit from FNB repossessed houses in Pretoria.