Elda, Valencian Community

IT IS NOT A TRADITIONAL SALE, BUT THE ACQUISITION OF AN ADJUDICATION RIGHT FROM A JUDICIAL PROCEDURE. IN AN AUCTION ASSIGNMENT, THE SUCCESSFUL BIDDER ASSIGNS ITS POSITION TO A THIRD PARTY SO THAT IT ENDS UP ACQUIRING THE PROPERTY WITHIN THE CORRESPONDING PROCEDURE. IT IS A LEGAL FIGURE COMMONLY USED IN TRANSACTIONS FROM JUDICIAL AUCTIONS OR MORTGAGE FORECLOSURES. MAIN CONDITIONS OF THE PURCHASE: BUY WITH YOUR OWN FUNDS. NOT FINANCEABLE BY ORDINARY MORTGAGE. IT IS NOT A TRADITIONAL SALE. OPERATION SUBJECT TO JUDICIAL DEADLINES AND SPECIFIC DOCUMENTATION. IT MAY NOT BE VISITED INTERNALLY, UNLESS EXPRESSLY CONFIRMED. THE BUYER ASSUMES THE DEADLINES, PROCEDURES AND PARTICULARITIES OF AN AUCTION ASSIGNMENT. IT IS ESSENTIAL TO PREVIOUSLY REVIEW THE REGISTRY, POSSESSORY, FISCAL, LEGAL AND PHYSICAL SITUATION OF THE PROPERTY. THIS TYPE OF ASSET CAN REPRESENT AN INTERESTING OPPORTUNITY FOR PRICE, BUT IT IS NOT DESIGNED FOR ALL TYPES OF BUYERS. IT IS AN OPERATION AIMED MAINLY AT INVESTORS, PROPERTY PROFILES OR BUYERS WHO UNDERSTAND THAT THE PRICE DISCOUNT IS LINKED TO GREATER LEGAL, DOCUMENTARY AND TEMPORAL COMPLEXITY. IN THIS TYPE OF OPERATION, NOT ONLY THE PURCHASE PRICE MUST BE ASSESSED, BUT ALSO THE STATE OF POSSESSION, THE POSSIBLE ASSOCIATED EXPENSES, THE ESTIMATED PERIOD UNTIL REGISTRATION, THE PHYSICAL SITUATION OF THE PROPERTY AND THE SUBSEQUENT STRATEGY: OWN USE, RENOVATION, SALE, RENTAL OR REGULARIZATION OF THE ASSET. A SALE OF AUCTION IS NOT JUST BUYING CHEAP. IT IS BUYING AN OPPORTUNITY WITH DIFFERENT RULES. WELL ANALYZED, IT CAN HAVE A FUTURE. MISUNDERSTOOD, IT CAN BECOME A PROBLEM. FOR MORE INFORMATION, REVIEW OF DOCUMENTATION AND VALUATION OF THE OPERATION, CONTACT DIRECTLY.