Flat for sale in Venta del Moro, Valencia

Property for sale in El Moro (Valencia). Property with issues: property not in possession.

What is a remate assignment? A remate assignment is the legal process by which the person or entity that wins a judicial auction (the adjudicatario, often a bank) transfers their right to acquire an auctioned asset to a third party (cesionario) 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 through remate 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, if applicable, encumber the property, such as, and not limited to, community fees and property tax (IBI), will be borne by the adjudicatario. (The law requires the adjudicatario to bring up to date the community and IBI for the last 4 years if there is debt)

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

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