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Investment Opportunity.
Credit assignment with mortgage guarantee in La Línea de la Concepción.
Asset in profitability through NPL (Non-Performing Loans) credit assignment.
Distribution:
Semi-basement floor: porch, garden, and large multipurpose room.
Ground floor: toilet, separate kitchen, and living-dining room.
Upper floor: two double bedrooms, one general bedroom, and bathrooms, all bedrooms with access to terraces.
Location and surroundings:
The property is located in La Línea de la Concepción, in a consolidated and well-connected residential area. The surroundings have all kinds of services nearby such as supermarkets, educational centers, neighborhood shops, green areas, and good connection to the main access roads. It is a quiet area, ideal for both habitual residence and medium and long-term investment, with proximity to the urban center and the border with Gibraltar.
Asset type: Detached Villa.
Property price valuation: €275,000.
Auction/Appraisal value: €353,326.
Total debt claimed: €391,377.
Procedural status: We request auction.
Credit Sale: The right to collect and the mortgage guarantee are transferred. The buyer is subrogated into the position of the current creditor.
No Possession: The property cannot be visited. The acquisition of physical possession will depend on the completion of the judicial proceedings.
Cash Operation: It is not possible to finance this purchase through a conventional bank mortgage.
Advantages: Acquisition with a significant discount on market value. Ideal for investors specializing in the management of foreclosed assets (REOs) or debt recovery.
LEGAL NOTICE: The information provided is for informational purposes only. It is recommended to perform legal and procedural due diligence before formalizing the operation.
We have a wide portfolio of NPL, CDR, and REO properties throughout Spain.