"NEGATIVE EQUITY PROPERTIES" are the properties whose current market value is less than the outstanding mortgage or financial liabilities associated with them. Essentially, it indicates that the property owner owes more on the mortgage than the property is currently worth in the market.
If you are interested to search for Negative Equity Properties,
Here are some simple steps you can follow:
1. Start by accessing the Lead Generators tab located in the left-side corner of the platform. Next, click on "+ Add New Lead Generator".
2. Then select your area, type in the Postcode in the Search postcode button, you can select a postcode and a radius or draw an area on the map.
And click on View Properties.
3. Once directed to the properties, select the Filters button.
4. Choose the "Lease Options (NEGATIVE EQUITY)" filter template. This template will show Negative Equity Properties, thus matching your search criteria effectively.
5. You can also refine your search based on your strategy and you can edit your ADVANCED FILTERS if you are looking for more filters.
You can select Motivated Seller Filters, Property Information, EPC Filters, Contact Filters, Planning Constraints, Amenities and Keywords.
Once selected, click the apply button to proceed.
6. Then you will be directed to the properties, to save all your search, click on the "Save this search" button
7. Give your Lead Generator a descriptive name. Then click "Confirm".
By following these steps, you will be able to easily search for Negative Equity Properties that meet your specific criteria.