LIQUIDATION AND BANK REPO AUCTIONS
Once a bank has repossessed items from a company or individual, that bank aims to resell/liquidate those items as soon as possible. This liquidation often takes place by means of an auction. The primary purpose of such an auction is for banks to recover the money they would have lost due to a company or individuals’ failure to repay a loan. At WCT we are very experienced in hosting liquidation auctions and bank repossession auctions in South Africa, that result in a quick turn around time.