In order to find bank repossessed houses to buy in SA you need the perfect route. You can start your search on the Internet to see what auctions and repossessions are running. Alternatively, you could start your search by visiting banks. Repossessions are when banks claim these houses after clients fail to pay the bond and then resell the houses for what is still owed. Standard Bank, FNB, Nedbank and ABSA are banks that provide bonds and these are the banks that you should visit.
If you live in the Cape Town, Gauteng or Durban regions and you hear of bank auctions, it is vital that you attend these events, because you will find bank repossesed houses to buy in SA will cost much less compared to going through the whole process of getting a loan approved. This also depends on how much the previous owners of the home paid on the bond each month. The more the previous tenants paid back on the bond, the less you have to pay back if the house was claimed by the bank for non-payments. Make sure to visit Nedbank, FNB, ABSA or Standard Bank in any one of the Cape Town, Durban and Gauteng regions and speak to a representative and ask them where the auctions are taking place.
Be sure to research, because this way you will find all the details you need. Also, there are many other people that are house hunting, so remember that you are not going to be the only one attending these events and bidding or viewing a potential buy. If you have done the necessary homework, there is no way you can go wrong.