Townhouse for sale in Llanera, Asturias

Exclusive opportunity for investors!

Sale of mortgage credit (NPL)
Asset without possession – Non-mortgageable operation
Independent dwelling in the parish of Pruvia, Llanera municipality (Asturias)
Purchase of mortgage in foreclosure – Cash payment (Not financable)
High profitability in asset acquisition

Important: It is not possible to visit the interior of the property.
Exclusive product for investors

What is a sale of credit?
It is buying the debt that a bank has with someone who did not pay their mortgage. You do not buy the home directly, you buy the right over that debt, which has the home as collateral.

Steps to keep the property:
Buy the credit
• Sign before a notary
• Pay the agreed price (with a discount on actual value)
• You do not need the original debtor's permission
Pay the costs
• Notary and Registry
• AJD tax
• You need a lawyer and a solicitor
Register in your name
• You are already the new mortgage creditor
Obtain the property - 3 options:
A) Negotiate with the debtor (the quickest)
B) Go to auction and win it
C) Resell the credit to another investor
Take possession
• If there is an agreement: quick handover
• If they do not cooperate: through legal action

Important to know:
It is not mortgageable (you need available cash)
Normally you cannot visit
It comes without possession (occupants may be present)
Discounted price is attractive
Requires legal advice