Commercial for sale in Castillo de Locubín, Jaén

Sale under special conditions - foreclosure assignment modality

Housing on Calle Collados, Castillo de Locubín (Jaén) property under foreclosures assignment without possession.

Opportunity for investors.
What is a foreclosure assignment? A foreclosure 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 property to a third party (assignee) before the property title 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 by means of foreclosure assignment, within the framework of the judicial auction process in which it currently resides, 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, burden the property, such as, and not exhaustively, association fees and property tax (IBI), will be borne by the adjudicator. (The law requires the adjudicator to update the community charges 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 for its purchase.

If the client requests, our professionals (lawyer and procurator) can handle your judicial procedure up to the handover of 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.