Approximately always, it is needed to pay an early deposit on the repossessed property before the available deal is sealed. Most of the times, it is only 10% of the price of property. Though, if you are not able to come up with the due balance, the deposit amount will be lost...
You can find repossessed houses almost everywhere. A considerable number of them are in UK and other countries. They give a wonderful opportunity for someone planning to purchase a new home as they available at a very economical price.