First National Bank partnered with South Africa's busiest property website, Private Property to market both their properties in possession (Quick Sell properties) and sales in execution properties (properties sold on auction).
Buying properties with great value could not be any easier! These properties will appear amongst your normal results items.
Below you will find the properties grouped for convenience sake.
A sale in execution is the public auction of a property, held by the Sheriff of the Court, to recover outstanding monies on a home loan.
And because it's an auction, there is the potential for you to pick up a property at a great price. And best of all, FNB and Private Property are helping you out by giving you a sneak peak at some of these properties (at no cost) so that you can get in there before everyone else.
A property becomes a Property in Possession (PIP) or Bank Repossessed Property, once a customer has defaulted and the bank's reserve price was not achieved at auction.
Select Property is an efficient online property portfolio showcasing some of South Africa’s most sought after properties from residential homes located in high investment suburbs or secure living estates to retail and commercial development sites that will offer the right investor real returns.