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Repossessed house for sale at a set price

A house I was looking at is advertised at a price (not offers from) the bank are continuing to advertise to get highest offer . Is this legal?

Asked on May 14 2014, House Prices in Manchester | Report content

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  • Yes.

    Answered on May 14 2014, Report content
  • Probably. The bank is under a legal duty to seek the best price possible, on behalf of the former lender. They are also obliged to act quickly as the debt continues to rise. As time passes the bank will reduce the price if there are no other options.

    Answered on Sep 6 2014, Report content

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