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comprar vivienda de banco pros y contras 1 - Buying bank repossession properties: pros and cons

The 2008 crisis and subsequent economic difficulties had countless consequences, including the fact that many individuals couldn't pay their mortgages and suffered foreclosures. Also, numerous developers with buildings already built went bankrupt.

All these homes passed into the hands of financial entities. Today many of them are in the hands of investment funds or Sareb (Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria), the Management Company of Assets from Bank Restructuring, in charge of bringing them back to the real estate market.

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