Above you can see a variety of banks and credit unions who have repo cars and reo property for sale in Alaska. Foreclosed assets, such as watercraft, RVs, properties, cars, or pickups are currently offered in Juneau, Anchorage, along with other cities everywhere in the state. The lenders who originally reclaimed the actual secured property are often ready to sell for a substantial price reduction, because their strong point is in providing loans, rather than in motor vehicle and home sales. Each financial institution may have a different method of auctioning repossessed goods.
Alaska Repossession Buying Information:
There are no restrictions for buyers looking to purchase repossessions directly from banks and credit unions in the state of Alaska.
General Repossession Buying Information:
It’s very cost effective to purchase a repossession direct from a bank. Bank owned repo’s are sold without any fee or sales commission.. Interested buyers would be working directly with local credit unions when making a purchase. The bank can fill out your paperwork for the sale and make sure the title work is taken care of properly. In some ways you get the advantages of a dealer, but the cost savings of a private party sale. Don’t be afraid to offer a substantially lower offer on a repossessed vehicle. Most of the vehicles will be newer and will have the manufacturer’s warranty still intact. A variety of resources for purchasing repossessions are located under the “Useful Links” tab.
Types of Repossessions in Alaska:
Alaska has a vast array of vehicles and homes that can be purchased from banks. Currently, buyers can search for repo trucks and ATV’s, repossessed RV’s, commercial real estate, side by sides, and repo SUV’s, cars, and bank owned motorcycles.