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Old 23-05-2008, 12:56 PM
Property Developer Property Developer is offline
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Join Date: Feb 2008
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Michelle

Couldn't agree more, we are currently launching a UK Recovery Fund targeting repossessions and there is a huge appetite for this amongst investors. On a cautionary note even with picking up properties at below market value it is still difficult for the rental income to cover the mortgage.

If targeting repossessions make sure you deal with banks and insolvency practitioners and not directly with the seller as this could leave you open to litigation in the future.

Tony
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