Bank Owned Lots For Sale In Uganda

Bank Owned Lots For Sale In Uganda

What Is Bank Owned Lots?

A bank-owned property is acquired by a financial institution when a homeowner defaults on their mortgage. These properties then sell at a discounted price, much lower than current home prices, as buyers are wary of the costs of potential repairs that might be needed.

Bank Owned Lots For Sale In Uganda

4bdrm Apartment in Bweyogerere- Kilinya, Division B

USh 700.000.000

3 Bedroomed House for Sale in Matugga kiryanyira

USh 100.000.000

4bdrm Block of Flats in Entebbe, Ssabagabo-Makindye

USh 220.000.000

3 BEDROOM SHELL HOUSE FOR SALE IN ABAYITABABIRI- ENTEBBE ROAD

USh 150.000.000

4bdrm Apartment in Nagadi, Central Division

USh 75.000.000

How do you buy property from a bank?

Step 1: Search for Bank Auction Property.

Step 2: Check Property Details.

Step 3: Physically Inspect the Property.

Step 4: Submit Tender Form.

Step 5: Bidding.

Step 6: Auction Date.

Step 7: Sale Certificate.

Step 8: Register Sale Certificate in Sub-Registrar office.

Are bank Auction properties safe to buy?

Buying a property from the bank that is being auctioned requires significantly greater due diligence. Buyers should note that the bank’s claim on the auctioned property is only limited to the outstanding loan due on the property. Always ensure that the former owner who defaulted the bank money has consented to the sale, or else you may end up into legal battles with the previous landlord in a bid to reclaim his property.

Bank Property for Sale in Uganda

If you are looking for Bank Property for Sale in Uganda, you are at a right place. Properties for sale by banks in Uganda include land, houses, commercial buildings, warehouses, plots of land, apartments, farmlands and ranches among others. It so happens that many people get bank loans for business and unfortunately end up defaulting prompting the money lending institutions to attach their security property and sell them to recover their money. In most case, bank sale properties are always cheaper to buy as they are sold below the market value for easy and smooth recovery of the outstanding debt to the lender.

Is it worth buying property at auction In Uganda?

The benefits of buying a property at auction include expanding your purchasing options and probably buying at a discount. You may face less competition to buy an auction house or land compared with buying in the traditional way when dealing directly with an individual owner. But you will also be dealing with a various pool of potential buyers often, experienced investors.

Where can I buy Bank Owned Lots In Uganda?

Rest Assured Property Investment

Plot 06, near Face Technology, Devon Ave, Kampala, Uganda

+256 774 235919

Real Estate Database (RED)

Office #8, Plot 24, Sir Apollo Kaggwa Road, Bifro House, Kampala, Uganda

+256 705 162000

Musbon Real Estate

Bukoto, Kampala, Uganda

+256 751 925403

SOUTHEND PROPERTIES LTD

325 Kiwatule Rd, Kampala, Uganda

+256 200 954175

Centenary Bank Uganda

Plot 44-46 Kampala Road &, Plot 2 Burton St, Kampala, Uganda

+256 31 7202315