In the current economic climate it is an unfortunate fact that many properties in Spain are being repossessed or arrested by banks and mortgage lenders. These bank owned distressed or repossessed properties become available for resale from the banks and sometimes offer a unique investment opportunity as banks offer them for sale to recover the debt rather than at the value of the property.
This means that a good discount to current property value is available and you can buy property in Spain cheap.
Real Estate Mortgage in Spain up to 80% - Get a mortgage in Spain
Spanish banks are able to finance up to 80-100% of your real estate purchase in case you are financially stable, have financial guarantees and an impeccable credit history.
You can buy property from Sabadell Bank that eagerly provides CIS and Russian buyers with mortgage loans.
www.solvia.es Sabadell Bank and www.casaktua.com Banestou Bank repossessed real estate database offers you a variety of property options.
How do we help you to buy bank owned property?
You will want legal support and consultancy which our agency is fully capable to provide for: 5.000 € + IVA
- Talks with the bank about the purchase
- Preparation of documents to apply for a mortgage loan
- Application for NIE (foreign citizen ID) at the police of Spain
- Opening a bank account in Spain
- Mortgage formalities and procedures
- Real estate complex legal help and support
Terms and conditions of legal help and support for real estate purchase outside Andalusia should be discussed separately.