Flat for sale in Villena, Alicante

Sale under special conditions - auction assignment modality

Housing in PZ BIAR, VILLENA (ALICANTE) property under auction assignment without possession.

What is an auction assignment? An auction 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 property auctioned to a third party (assignee) before the property is formalized, allowing the latter to keep 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 an auction assignment, within the framework of the judicial auction process in which it currently is, 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 applicable, encumber the property, such as, and not exhaustively, community fees and property tax (IBI), will be the responsibility of the adjudicator. The law requires the adjudicator to bring up to date the community charges and IBI for the last 4 years in case there is debt.

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

If the client requests, our professionals can handle your judicial procedure up to the obtaining of 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.