Do you know what judicial auctions are and what risks they entail for property buyers? In this article we explain it to you in a simple and clear way.
Judicial auctions are procedures carried out in the courts to sell property seized for debt. These auctions can be an opportunity to acquire a property at a lower price than the market price, but they also entail a series of risks that must be taken into account.
One of the main risks is that the property may be occupied by the debtor or by third parties, making possession and enjoyment difficult or impossible. In addition, the buyer may face additional costs such as taxes, fees, mortgages or charges that have not been paid out of the auction price.
Another risk is that the property may have defects or hidden defects that were not noticed in the description of the lot or during the viewing. This may result in a loss of value or a claim by the buyer.
Finally, there is also the risk that the auction may be challenged or annulled on legal grounds, such as a formal defect, lack of notice or infringement of rights. In such a case, the buyer could lose the property for which he has bid, bringing the procedure back to its previous point.
To avoid these risks, it is essential to have the advice of a lawyer specialised in judicial auctions, who can inform and guide the buyer on the conditions and requirements of the procedure, as well as defend their interests in case of conflict.
At Jurado Grana Abogados we are experts in judicial auctions and we can help you to achieve the best possible result. We have a team of professionals with extensive experience and training in this field, who will offer you a personalised, quality service.
If you are interested in participating in a judicial auction or want to know more about this subject, do not hesitate to contact us. We will attend to you as quickly and efficiently as possible. Call us on 952 47 05 21 or write to us at info@abogadosjuradograna.com. We will be delighted to advise you.
Fuente: https://elderecho.com/riesgos-adquiriente-de-inmuebles-en-subastas-judiciales
