Once they have been repossessed the bank will then look to recoup some of the loses it has made by placing the property on auction or sometimes by selling the property online. We have 4 properties for sale for repossessed house johannesburg, priced from ZAR450,000. Bredell(1) Midrand. Explore Houses for sale as well! Bryanston(1) Glenhazel(1) Gresswold(1) Melrose North(1) Rivonia(2) Johannesburg(2) Randburg(1) Johannesburg. Buying homes that have come off repossession or a foreclosed deal means that … There are a large amount of property agents, financial service providers, auctioneering houses and private sellers offering bank repossessed houses in Gauteng. Newly build freestanding and ready to move in. Property24.com View Gumtree Free Online Classified Ads for bank repossessed houses and more in Gauteng. Find johannesburg properties for sale at the best price Whether you are looking at buying a repossessed house for investment or as a home, it is important to make sure that the property is situated in a good area. Gauteng repossessed house sales. To get lists of bank repossessed house in South Africa you would either have to go into your nearest ABSA, FNB, Nedbank or Standard Bank branch and enquire, or you can look the information up online. The best way to understand the difference between the three types of property purchases is to understand the process. List of Nedbank Repo Houses In Gauteng These Nedbank Properties In Possession are houses repossessed by the bank. Property for sale in Johannesburg. The largest selection of apartments, flats, farms, repossessed property, private property and houses For Sale in Johannesburg by estate agents. Newlands(1) Sandton. Area is extremely important; it is no good buying a bargain if you will never be able to sell it again because of the area. Find bank repossessed houses in Gauteng! Gauteng. ... Repossessed Houses In Johannesburg Forest Town(1) New Doornfontein(2) Kempton Park. Prior to the introduction of these Bank Assisted Property Sale programs, many South African properties were sold at a Sheriff's auction, where often very poor prices were achieved, leaving the repossessed property seller with a large shortfall on their outstanding bond. Midstream Estate(1) Pretoria - East of the N1. Looking for more real estate to buy? Repossessed Houses In Johannesburg from R 570,000, 2 Bedroom House for sale in Lenasia South. Your home your heritage. Bank Repossession, 2 Bedroom Available to move inn. The Bank merely acts as a facilitator to oversee the sale process. The Province is such an extensive area with so many homes, sub areas and people. REDUCED ; NO TRANSFER DUTY ; REPOSSESSED ; R 570 000 2 Bedroom House Lenasia South 8724 Hormbill Street, Lenasia South, Johannesburg New House for Sale Hillside-Lenasia South Be part of the lifestyle, by buying this 2 1 254 m² See 8 results for Bank repo houses for sale at the best prices, with the cheapest property starting from R 123 456.