A Bargain home in the sun
An individual repossession refers to a property that has been taken by the bank in lieu of an unpaid mortgage. The bargains available vary widely but it is possible if there is relatively little owed on the property to obtain a real bargain.
The process of obtaining a true bargain involves registering what you are looking for in terms of type, size and general location and we will contact you. You then begin the process explained in our how to buy section or read this information in more detail in our e-book.
The most important thing about purchasing a bank repossession is speed at putting down your refundable deposit. There may not be time to fly over and go on an inspection trip prior to purchase because financial institutions know that in the medium term they can turn a property around regardless of location and type and make a large profit.
We cannot by law show you the list of repossessions so you will need to be more flexible than using an estate agent and you will need to move quickly.
Buying a bank repossession involves putting down your deposit quickly to secure the best bargain and it is not worth out time to show you round properties that may be sold before you get on the plane.
If you need to rent out, furnish or require any other service our network or reliable contacts and companies in the Costa Del Sol can help.