How an auction assignment works (and why most of them are done poorly)
4 min
Find out how an auction assignment works, the most common mistakes and the key moment to avoid double taxation and failed transactions.
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Auction Assignments: The Most Dangerous (and Profitable) Shortcut to Real Estate Auctions
2 min
What is an auction assignment, who can do it, its critical deadlines and frequent errors. The most delicate mechanism of real estate auctions.
Registration Range of an Assigned Mortgage
3 min
If you are going to buy a house at judicial auction, understanding how the registry rank of the assigned mortgage works can save you thousands of euros and a lot of headaches. It is a fundamental detail as it determines which charges are cancelled and which could remain in force after the adjudication. Here we explain what the law says, what mistakes courts and registrars make, and how to protect yourself before bidding.
Buying bank-owned homes: What are my options?
5 min
Buying bank-owned homes is an attractive option for those looking for affordable real estate opportunities. However, there are several options, and not all of them are suitable for everyone. In this post we show you the 5 most common modalities, for what type of buyer each of them would be and what risks they entail. From the most opportunistic, for qualified investors, to the most common options (where there is hardly any difference with the market price).
Don't do this if you want to survive an Auction Assignment.
2 min
The assignment of auctions is a powerful and little known tool in the legal and real estate world. It is a procedural figure that allows the original successful bidder of an auction, usually a creditor, to transfer his rights over the auctioned property to a third party. This third party, called assignee, becomes for all legal purposes the new successful bidder, with the same rights and obligations as the original successful bidder.
BOE Housing Auctions: How do they work?
6 min
Electronic judicial auctions have transformed the auction market in Spain since their implementation in 2015, allowing anyone, from home, to participate in the purchase of real estate and other assets auctioned by the courts. This now digital process has simplified and democratized access, eliminating geographical barriers and improving transparency.
Auction Assignment Risks
3 min
Acquiring a property through an auction assignment may seem like an excellent opportunity due to the possibility of obtaining properties at prices below their real market value (although this is not always the case, beware!). However, this acquisition entails significant risks that must be considered in order to avoid legal and financial complications. In fact, the risks are exactly the same as if we had gone to the auction in question and won it. The following are the main risks that we assume with the auction assignment.
Housing Auctions: Doubtful Charges (Risks for Awardees)
3 min
En el ámbito de las subastas judiciales, un aspecto crucial que a menudo pasa desapercibido es el de las cargas registrales de dudosa cancelación. Estos elementos, aunque menos evidentes, pueden plantear serios riesgos para los adjudicatarios. En este artículo, exploraremos estos riesgos y cómo impactan a los compradores en las subastas judiciales, ofreciendo una visión clara para inversores y profesionales del sector.
Chronicle of a disaster foretold: An auction, a maximum mortgage and a hidden charge of 66,000€.
3 min
En 2016, una vivienda en Málaga entró en un proceso de ejecución ordinario debido al impago reiterado de las cuotas de una deuda registrada en la nota simple. Tras varios años en litigio, la vivienda fue finalmente puesta en subasta judicial en 2021. El protagonista de esta historia vio la oportunidad de adquirir una vivienda por debajo del precio de mercado y, en principio, lo consiguió. Sin embargo, una hipoteca de máximo no entendida supuso que tuviera que hacer frente a una deuda inesperada.
Home Auctions: When you assume more burdens than registered (Risks for Awardees)
4 min
Tras haber abordado los riesgos de las cargas registrales en subastas de viviendas a las que el adjudicatario se subroga, este tercer artículo de nuestra serie se enfoca en una cuestión menos evidente pero igualmente crítica: la posibilidad de asumir cargas registrales mayores de lo esperado. Analizaremos cómo las discrepancias entre la información proporcionada y su reflejo en los registros pueden llevar a responsabilidades y costos no anticipados para los compradores. A través de ejemplos y sentencias judiciales relevantes, como las de las Audiencias Provinciales de Guadalajara y Madrid, ilustraremos las complejidades y precauciones necesarias en el mundo de las subastas inmobiliarias.
Housing Auctions: The Subrogation of Registration Charges (Risks for Awardees)
3 min
The purchaser of a property at auction must deal with a complex legal framework regarding the existing registration charges on the property. It is crucial to understand the risks and limitations of liability associated with such encumbrances in order to avoid future litigation and financial loss. In this article, we will explore the legal provisions and case law related to subrogation in the above charges, particularly in the context of judicial auctions.
Housing Auctions: the real risks and pitfalls
5 min
The world of judicial real estate auctions attracts numerous investors and buyers because of the promising opportunities to acquire properties at reduced prices. While they appear to be an attractive option, it is essential that interested parties, whether they are professionals in the industry or casual buyers, go into this process with their eyes wide open. Beyond the allure of a "good deal," there are hidden risks that can turn a seemingly safe investment into a source of complications and unexpected expenses.