Flat for sale in Callosa de Segura, Alicante

Special conditions sale - bid assignment modality

Home in Callosa de Segura (Alicante) property in bid assignment 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 adjudicator, often a bank) transfers their 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 opportunity prices.

The acquisition of the advertised property will be carried out exclusively through 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 encumber the property, such as, and without being exhaustive, community fees and property tax (IBI), will be charged to the adjudicator. (The law requires the adjudicator to bring up to date the community and IBI for the last 4 years if there are debts)

The occupancy status of the property is unknown. The property cannot be visited and cannot be mortgaged for its purchase, so the buyer must have sufficient liquidity to complete the purchase.

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