Flat for sale in Algorfa, Alicante

Sale under special conditions - assignment of remate

Home in Algorfa (Alicante) property in remate assignment without possession.

Opportunity for investors.

What is a remate assignment? A remate assignment is the legal process by which the person or entity that wins a judicial auction (the adjudicator, often a bank) transfers their right to acquire a auctioned property to a third party (assignee) before the ownership is formalized, allowing the latter to keep 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 by remate assignment, within the framework of the judicial auction process in which it is currently, with no possibility of direct sale.

All costs of the public sale and those arising from the cancellation of charges, and the debts that, if any, encumber the property, such as, and not exhaustively, community fees and IBI (property tax), will be charged to the adjudicator. (Law requires the adjudicator to update community and IBI for the last 4 years if there is any debt)

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

If the client requests, our professionals (lawyer and solicitor) can handle their judicial procedure up to obtaining the keys. Fees for this service are not included in the price, please consult us.

Taxes, registry, and agency fees are not included in the purchase price.
The photograph does not correspond to the property, only the approximate location.