PAGE 1  29 Bank foreclosure property for sale in Mukono katosi road, Naguru, Buziga hilltop, Namugongo, Nakasero makinon, Hoima buseruka town, Kulambiro, Seguku katale, gayaza rd bugema, Bwaise kampala, Ntinda town, Naguru Nakawa hill kampala Uganda, Kira town, Nalya kampala, Ntinda Ministers village kampala, Hoima, Kyanja town, Kyaliwajjala Namugongo, Seeta mukono kampala uganda, Entebbe wakiso, Lugazi Jinja road, Zirobwe gayaza road, Seeta mukono, Gayaza rd, Kololo, Kawempe, Kampala uganda

Banks in uganda like centenary, stanbic, equity and many lenders, provide cheaper prices to public when they are auctioning for closed property when the lender fails to get pay back the loans acquired in the given period of time. Normally the banks will contact the property agents to list the property to the public and when the public gets interested, the bank operators and loans will go with the highest bidder to cover their expenses. So we are providing list below for bank property on sale.













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land, plots, houses for sale in Mukono katosi road

bank foreclosure property for sale     in   Mukono katosi road


  135000


TEL:  0779031382


Posted On: 2023-09-25 22:30:29


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land, plots, houses for sale in Naguru

bank foreclosure property for sale     in   Naguru


  990000000


TEL:  0779031382


Posted On: 2023-09-25 22:33:22


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land, plots, houses for sale in Buziga hilltop

bank foreclosure property for sale   0.5 acres   in   Buziga hilltop


  1700000000


TEL:  0779031382


Posted On: 2023-09-26 21:50:45


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land, plots, houses for sale in Namugongo

bank foreclosure property for sale   15 decimals   in   Namugongo


  295000000


TEL:  0779031382


Posted On: 2023-09-26 22:03:13


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land, plots, houses for sale in Nakasero makinon

bank foreclosure property for sale   11000sqm   in   Nakasero makinon


  11500000000


TEL:  0779031382


Posted On: 2023-09-26 22:11:35


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land, plots, houses for sale in Hoima buseruka town

bank foreclosure property for sale   8 acres   in   Hoima buseruka town


USD   190000


TEL:  0779031382


Posted On: 2023-10-04 19:23:18


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land, plots, houses for sale in Kulambiro

bank foreclosure property for sale   3500 sqft   in   Kulambiro


UGX   135000000


TEL:  0779031382


Posted On: 2023-10-09 18:01:51


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land, plots, houses for sale in Seguku katale

bank foreclosure property for sale     in   Seguku katale


UGX   130000000


TEL:  0779031382


Posted On: 2023-10-10 14:00:51


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land, plots, houses for sale in  gayaza rd bugema

bank foreclosure property for sale   Buy 100 by 50, 12 decimals   in   gayaza rd bugema


UGX   40M


TEL:  0779031382


Posted On: 2023-10-16 16:37:07


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land, plots, houses for sale in Bwaise kampala

bank foreclosure property for sale   Buy 19 Apartment forclosed for sale   in   Bwaise kampala


UGX   500M


TEL:  0779031382


Posted On: 2023-10-18 10:27:11


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land, plots, houses for sale in Ntinda town

bank foreclosure property for sale   Buy 18 units of furnished apartments   in   Ntinda town


USD   1.5M


TEL:  0779031382


Posted On: 2023-10-18 15:22:53


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land, plots, houses for sale in Naguru Nakawa hill kampala Uganda

bank foreclosure property for sale   35 decimal land (70 by 180ft)   in   Naguru Nakawa hill kampala Uganda


UGX   650M


TEL:  0779031382


Posted On: 2023-10-28 00:00:00


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Banks in Uganda.

bank pre and forclosed property in uganda

Some of the prominent banks in Uganda include Stanbic Bank Uganda, Equity Bank Uganda, Centenary Bank, Standard Chartered Bank Uganda, Barclays Bank of Uganda (now Absa Bank Uganda), dfcu Bank, Bank of Baroda Uganda, and United Bank for Africa (UBA) Uganda. These banks maintained branches and offices in various regions and cities across Uganda, serving the financial needs of individuals, businesses, and communities. these banks provide auctions on forclosed homes.

Also know the cost and estimation of building a 2 floor flat in uganda

A property disclosure

Foreclosing a home can be a complex and emotional process. In Uganda, like many other countries, foreclosure is a legal procedure that allows a lender to recover the outstanding balance on a mortgage loan by taking ownership of the property when the borrower fails to make mortgage payments.

This guide will walk you through the process, explore the reasons for foreclosure, and provide insights into purchasing foreclosed homes in Uganda.

property Foreclosure in Uganda.

Foreclosure is a legal process initiated by a lender when a homeowner defaults on their mortgage payments. It involves the sale of the property to recover the unpaid debt. Here is what you need to know:

When Does Foreclosure Feel Like.

1. Financial Stress -Falling behind on mortgage payments can lead to anxiety and financial instability as you struggle to catch up.

2. Legal Notices - You may receive notices from your lender or legal representatives, indicating the impending foreclosure process.

3. Fear of Losing Your Home - Foreclosure means losing your home, often the place of cherished memories and family life.

4. Impact on Credit - A foreclosure negatively affects your credit score and can make it challenging to secure future loans or credit.

5. Emotional Toll - It can be emotionally draining, causing stress, anxiety, and even depression.

Finding Foreclosed Homes in Uganda.

If you are interested in purchasing a foreclosed home in Uganda, start by researching properties that are in foreclosure. Here is how to find them.

Online Listings - Explore online real estate platforms, auction websites, and bank websites. Some listings specifically cater to foreclosed properties.

Local Banks and Financial Institutions - Contact local banks and inquire about foreclosed properties they may have for sale.

Real Estate Agents - Work with a real estate agent who specializes in foreclosures. They can help you identify potential properties and guide you through the process.

Buying a Foreclosed Home in Uganda.

Purchasing a foreclosed home involves a unique set of steps and considerations. Here is an overview of the process.

Research and Due Diligence - Thoroughly research the propertys history, including any liens, outstanding taxes, or legal issues. Visit the property if possible to assess its condition.

Financing - Secure financing or have funds available to purchase the property, as foreclosures often require cash payments or pre-approved financing.

Auction or Negotiation - Foreclosed homes may be sold at auctions or through direct negotiations with banks. Attend auctions if applicable and be prepared to make a competitive bid.

Legal Process - Ensure that you understand the legal process in Uganda, including any requirements for transferring property ownership.

Inspection and Repairs - Assess the propertys condition and budget for any necessary repairs or renovations.

Title Search - Conduct a title search to confirm the propertys legal status and ensure there are no outstanding claims.

Also: consider buying land with a high appreciation rate

Why Are Foreclosed Homes Cheaper.

Foreclosed homes are often priced lower than comparable properties on the market due to several factors.

Motivated Sellers - Lenders are typically motivated to sell foreclosed properties quickly to recover their losses, leading to competitive pricing.

As it Is in Condition - Foreclosed homes may require repairs or renovations, which can reduce their market value.

Fast Sales - Lenders may offer discounts for quick sales, as they incur costs while holding foreclosed properties.

In conclusion, foreclosing a home in Uganda requires careful research and due diligence to ensure a sound investment. Consulting with legal and real estate professionals is advisable to navigate the complexities of foreclosure and property acquisition successfully. know more about us and what we do

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ABOUT ME

Hi,am Karueddie working with Edremedystocked homes Ltd as a property manager, real estate broker and a distributer of palm oil agent. i am also a golf addict and love the game as my main hobby.

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