When someone takes out a property loan and cannot repay the bank, the property usually ends up getting repossessed and sold at auction or directly to another party. If you're in the market to buy repossessed property, such as a double-wide trailer, there are certain places you should look. This is true everywhere, including the state of Georgia.
Instructions
- 1
Check online auctions in Georgia. Repossessed items like double-wide trailers are usually sold at bank auctions and repossession auctions, advertised on the Internet. Sites like craigslist.org are good places to start, since advertising is free.
2Contact banks and law enforcement branches. Banks will set auction dates and have a tally of what's for sale. If law enforcement handled the repossession, they will hold the auction at the police station.
3Check local newspaper advertisements and message boards. These auctions need as much publicity as possible, because property owners want to sell repossessed items, including double-wide trailers.
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