Distressed sales / pending repossesions / Bank repossessions
June 6th, 2008:
Please note:
» These properties that are listed do not stay around for long - in order to view and purchase these properties you need to be able to act straight away.
» You will need to contact us as soon as you have seen the property that you are interested in, arrange a viewing (within days), have 10% deposit ready to secure the property and many of them will need to complete in less than 1 month.
» This is a fast process in comparsion to normal properties, however - these properties do move extremely fast.
» If you are not in a position to purchase but are still interested in saving money by buying a distressed sale or pending / bank repossession - bookmark our website to keep an eye on the properties that are available.
• Recently we at Jubilee Estates S.L have been contacted by some of the leading Spanish banks to help them sell a number of repossessions that are starting to filter through to their branches, because of our low commission structure these properties will look extremely attractive.
• Also we have a number of pending repossessions (distressed sales) that can actually work out cheaper by evading any additional bank charges or administration fees.
• We believe that these benefits will only be able to be passed on whilst we are experiencing the affects of the credit crunch, so act quickly to take advantage of this opportunity.
• As all the forecasts are that we will be in this mini ressession for another 6 to 18 months.
• The bank are passing these properties on to us to only clear the mortgage debt, hence their amazing prices. Opportunities to take over the existing mortgages can also be arranged on some of these properties depending on status.
• Our repossessions and pending repossessions (distressed sales) will be updated daily as we receive them. We have been experiencing an unpresidented amount of interest in this kind of investment so you will need to act quickly.
• We act as the go between for the bank, as here in Spain the banks do not work as estate agents like they may do in the UK.
• You will need to contact us as soon as you have seen the property that you are interested in, arrange a viewing (within days), have 10% deposit ready to secure the property and many of them will need to complete in less than 1 month.