February 16, 2009 at 8:18 am
#90235
Participant
I spoke to a friend about these auctions as there seem to be quite a few websites advertising it. I heard though that although they are repos in Spain it takes years for the debts to be sorted out and yes, you could buy a bargin but it might also have lots of debt against the property which would then be yours to pay. I think the agents are trying anything to sell properties at the moment as they need to pay their own mortgages…. correct me if i’m wrong??