If you come across a bank attachment, we can certainly help you as CasaLasDunas. We would like to inform you about a few things. It is possible to make an offer, but it can often take a week or even a few weeks before receiving an answer. In practice, it is not logical for the bank to accept an offer that is more than 10% lower than the asking price, as it must then be linked to a market situation to show that there are actually apartments available in the same complex for the same Prices. It is always possible to try to make a much lower offer, but this usually becomes a difficult story.
When accepting the offer or accepting the asking price, the bank will require a lot of paperwork from you, regardless of whether or not you need a mortgage. This includes pay slips, bank statements, tax returns and the origin of the money to make the purchase. Everything must be shown, officially translated by a sworn translator and provided with an apostille. This can often already entail 500 to 1000 Euro extra costs (depending on what they all ask for). - The process itself can easily take at least six months. You do know if you are first in line and so if you provide all the correct paperwork (and this could be a document one week and new documents a month later) that you can buy the property. In most cases, a reservation is used, but once the bank has given the green light, you should almost always go to the notary within a month (in some cases you are given 2 months). Unfortunately, the bank is not flexible in this, even in these times, but that could always be solved with a mandate.
With bank attachments there is no water and electricity and a bank does not take responsibility for anything, after all, in most cases they do not even know the house physically, but only from paper. This means that you buy everything as it is and can never buy with hidden defects or the like. Now we usually know in advance that the structure of the apartments and construction itself is in order, but for the equipment, etc., you simply have to assume the worst scenario, then it cannot be disappointing in any case. Of course we can already see a lot on location if we can get the keys. With regard to water and electricity, new contracts must also be concluded for this, which always entails an additional cost item. In terms of additional costs, one should of course charge 10% transfer tax, about 3% for the remaining costs in terms of notary, registration etc. and in this case if we take care of the mediation, we would also ask for another 3% as a purchase broker. Unfortunately, this is an awful lot and time-consuming work (not comparable to a sale from a private person), where the most frustrating for customers is often that there is not 1 person at the bank who can immediately say a yes or no or indicate which document is now needed again and so provide the weeks and often months without having clarity on a date for the transfer.
As for the debt issue, the apartment is of course sold free of debts and charges. If there is a debt of the mortgage, it has of course disappeared now that it has been seized. For the rest, the bank takes responsibility for paying the ibi (cadastral income) and community fees up to the day of the transfer. There are no adders under the grass here.