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Genuine and committed sellers
The banks are seeking to raise capital to repay any outstanding mortgage debt quickly and will normally strive to complete any transaction within approximately 30 days from a formal reservation.
Property developers have to repay their development loans so to maintain adequate cashflow will allow property to be sold at heavily discounted prices in return for a quick sale. Banks are only interested in the repayment of the original mortgage loan, irrespective of the true market value of the property. There are many outstanding opportunities to secure an overseas property far below it's true value.
Established legal title
The banks have confirmed that all properties they offer through Global Property Partners Club will have full legal title and a habitation certificate, if required. They are not subject to any outstanding dispute with the previous owners and have all the legitimate planning permissions.
However in all cases you should always get your legal representative to obtain copies of all necessary consents and permissions.
No onward property chain
No chain means that the legal process will be rapid and not reliant on other, slower buyers in a property chain holding up completion of your selected property. This means that you will experience a less stressful transaction when compared to buying on the 'open' market.
Immediate occupation
Most properties are ready for immediate occupation.
Below Market Prices
The banks are seeking to recover or repay outstanding mortgage debt - not trying to achieve the best possible market price. This means that they are offering these properties with remarkable discounts, even at today's lower market prices making them some of the lowest priced properties you will find anywhere.
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