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Understanding how the procedure works

Many investors that have been affected by the current economic climate have agreed with the Banks to return the keys and ownership of the property.
The banks have approached Distressed Invest to help them recouperate as much of the accumilated debt as possible.

The procedure

 
To be part of the best investment deals available then please read the process laid out below:
  • 10% reservation deposit is paid to an independent lawyer.
  • If you wish to use your own lawyer this is fine or we could recommend a Spanish lawyer experienced in this type of sale.
  • Your legal representative then receives the Nota Simple (Property Registration documents) etc
  • Your Lawyer will need to find out if any charges are on the property, this could be outstanding community fees, basura (refuse) etc.
  • If buyer is satisfied and happy you will then pay the balance, usually within 2 weeks.
  • If not you get all your money paid, refunded by the lawyer.
  • Go to Notary
  • Then the client receives title deeds and vacant possession of property.
    We can arrange for the best rental package available through the UK and Irish travel Industry.
If you would like to have more information regarding our selection of repossessed properties please contact us and we will provide you with any required details.
Please note that the properties on this site do not stay available for very long, so to ensure you benefit from the best deals make sure you contact us immediately.


Repossessed Property - What you need to know
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We hold a Repossession Property Seminar at our office in Marbella, however we understand that this will not be comvenient for all clients, especially those based in the UK and Ireland.
If you would like a presentation sent please send your request to info@distressedinvest.com

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