Hina, The HRP is NOT a forum for people to pick up bargains fromn those less fortunate than themselves but a forum for those being 'wrongfully' harrassed by lenders etc into parting with large sums of money 'debts' that are unjust. Repossessed houses are not supposed to be bargains as legally they should be marketed and sold as any other house and, if anything, should attract a premium for vacant possession.(posted 8484 days ago)This, I am sad to say is not the case as all readers of this site will know all too well. From information within the selling industry agents are requested to sell as quickly as possible and price does not matter.
My advice is to buy a house which is occupied, a new one is a good idea as it has NHBC cover, but certainly NOT to buy a repossession which only encourages the lenders to continue with thier dubious practices. I hope you have a conciunce (sorry can't spell) and decide against profiting from the misfortune of others.