Commercial for sale in Bailén, Jaén

Sale of dwelling on Calle Castillo, Bailen (Jaen)
Property with issues: property without possession.

What is a bid assignment (remate)? A bid assignment is the legal process by which the person or entity that wins a judicial auction (the awardee, often a bank) transfers their right to acquire an auctioned property to a third party (assignee) before the property is formalized, allowing the latter to take the asset by paying an agreed price, a popular option for investors seeking to acquire properties at opportunistic prices.

The acquisition of the advertised property will be carried out exclusively through a bid assignment, within the framework of the ongoing judicial auction process, with no possibility of direct sale.

All costs of the public sale and those arising from the cancellation of charges, and the debts that may burden the property, such as, but not limited to, community fees and property tax (IBI), will be charged to the awardee. (The law requires the awardee to bring up to date the community and IBI for the last 4 years in case of debt)

The occupancy status of the property is unknown. The said property cannot be visited nor can it be mortgaged for its purchase, thus the buyer must have sufficient liquidity to complete the purchase.

The photograph does not correspond to the property, only the approximate location.