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.
WHY THE FREQUENCY OF
REPO AUCTIONS MATTER
The frequency of liquidation and bank repossession auctions are
important as banks do not want to wait months to recuperate
from a failed loan repayment. At WCT Auctions we can
accommodate this schedule and are able to host frequent
auctions that will benefit both the buyer and the seller.
A TRUSTED SELLING PRICE
When partaking in a WCT liquidation and repossession
auction, buyers and sellers are assured to receive a trusted
and fair price. Our valuation process ensures that each item is
priced accurately and for what it is worth. Whether it be a car
repossession auction or a business liquidation auction,
experienced auctioneers are there to ensure that buyers and
sellers are guided through the process and are treated fairly.
ENQUIRE NOW
