Repossessions

Every so often we get very rare developer repossessions, these are properties that could not be saved by our “DISTRESSED SALE” service or our “EMERGENCY FINANCE PACKAGE ”. 

When the developer finishes a project he has no alternative other than to foreclose on uncompleted sales.  The developer will not give back the 30% deposit, as they have not failed in any part of their contract, nor do they wish to profit from someone’s misfortune.  The developer simply wants to leave the development and get on with his next project.

As we have a large network of over 400 UK and Spanish Member Agents and Financial Advisers with investors waiting to buy, 20 years of repossession and “distressed sale” experience in the UK, we have recently been selected by a number of developers to market their repossessions professionally and with due diligence. 

As already mentioned, the developers simply want to move onto their next project and as they have already received about 30% of the purchase price from the previous buyer, they will often let us sell the properties at the original (2-3 years ago) price.  This results in the property being approximately 10-30% under the current market value. We have been arranging up to 100% finance for our investor clients on these properties (subject to status and valuation).  Obviously, these properties are the ultimate investment and usually sell within days. 

Click Here to be informed of next batch of developer repossessions.