House repossessions are a popular way for many people, from first time buyers to seasoned investors, to pick up a bargain. The advantages with repossessed homes are that you don’t have to pay full price to purchase an amazing home!
Repossessed homes are generally homes that have been subject to foreclosures by the Banks or Building Society, Government Agency or other lending institutes due to defaults on mortgage payments. These homes are then regularly sold well below market value as the Lender is looking for quick compensation against the money that they have loaned against the Mortgage. Sometimes these homes go for between 30% and 50% below market value.
Alonso & Haro, through its connections with the Banks and other Lenders has more than 2000 foreclosures, pre-foreclosures, and bankruptcy and developers deals on its books. All these investment opportunities have been conveniently compiled into regions and are available from our offices in Cartagena.
We can also search for properties on your behalf, advertise your property on this website, or you can browse our available properites by clicking here.