bank repossessions and distressed sales?
EstateCanaria unlike most Real Estate companies in Canary
Island find its key clients real distressed property sales and Spanish bank repossession property through its excellent business relationships with banks
and other professional organizations. We also have some of the best contacts on the ground to help our clients acquire real distressed property at unbeatable prices.
There is a big difference between the criteria between bank repossession properties and distressed property sales. Firstly bank repossession is a property
that has been taken back by the bank through the courts and therefore has to be sold through the courts and as such it takes a considerable amount of time for
these properties to become available. Secondly distressed sales tend to be for a for a variety of reasons with the major one being the owner of the property needs
to sell before the bank repossesses the property. These properties are still sold very quickly if the represent the right value.
Some of these banking products for longevity in the banking system, are susceptible to negotiation. Many of these can be financed at 100%, with the acquirer only having
the formalization expenses (Property Transfer Tax, Land Registry and Notary).
If you would like to join our list of clients wanting to be informed of such great value property please call us or fill in the form on
our contact page and someone will contact you to put you on the list and discuss your exact requirements concerning type of
property, location and other key factors.
Some banks and developers insist we obtain phone numbers of all clients before sending out details. So please do not forget
to leave your phone number on the form and please be aware someone will call you to verify the number.