Flat for sale in Jerez de la Frontera, Cádiz

Sale under special conditions - bidding assignment modality

Dwelling in Jerez de la Frontera (Cádiz) property in assignment of bid without possession.

What is a bid assignment? A bid assignment is the legal process by which the person or entity that wins a judicial auction (the grantee, often a bank) transfers its right to acquire an auctioned asset 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 bid assignment, within the framework of the judicial auction process in which it is currently, with no possibility of direct sale and purchase.

All costs of the public sale and those arising from the cancellation of encumbrances, and the debts that, if applicable, burden the property, such as, and not exhaustively, community fees and IBI (property tax), will be borne by the grantee. (The law requires the grantee to bring up to date the community charges and IBI for the last 4 years if there is any debt).

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

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