Bank repossessions are great investment opportunities because lenders are often in a rush to sell these foreclosure homes. It’s not uncommon to buy these properties for 30-50 percent lower than market value!
With foreclosures on the rise across Spain, this market is hot!
If a homeowner defaults on a mortgage, meaning he or she cannot make the mortgage payments, the lender will seek to repossess the home. After the repossession process is complete, the bank owns the property and will try and sell it to recover its losses.
Banks and others government agencies repossess thousands of properties through various seizure and bankruptcy laws every month.
We help you save time and money.
Investing in real estate can be a financially rewarding experience. Whether this is your first real estate purchase or you are a seasoned investor, buying foreclosures, preforeclosures, bankruptcies, or distressed properties can give you instant savings and equity in your home.
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