PRIMAMALLORCA.COM offers distressed property/projects sales and Spanish/Mallorca bank repossessions properties through an excellent partner with her own office, legal department and business relations with banks and other professional property development parties at Mallorca.

Most other companies will actually have properties listed on their websites with photos and details however the reality of the situation is that if the details are on a wesite they most certainly wont be bank repossessions and are unlikely to be real value distressed sales because in normal circumstances they are sold in a very short time frame without actually coming directly onto the market.

This is why PRIMAMALLORCA.COM does not list bank repossession properties and distressed sales publicly onto the web site and contact directly those people who have expressed a serious interest in buying such properties.

There is a big difference between the criteria between bank repossession properties and distressed property sales. Firstly a bank repossession is a property that has been taken back by the bank through the courts and therefore has to be sold through the courts and as such it tends to be only cash buyers who are in a position to take advantage of buying at below 50% of valuation. 

Our business partner is specialised on these matters and works, with her own legal department, closely together with Banks and other official institutes. Secondly distressed sales tend to be for a variety of reasons with the major one being the owner of the property needs to sell before the bank repossesses the property. These properties are still sold very quickly if they represent the right value but due to an increased time frame a purchaser can buy one of these properties with the assistance of a bank mortgage.

If you would like to be contacted and receive detailed information, please fill out the form below and we will contact you to  discuss your exact requirements concerning type of property, location and other key factors.



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