Distressed Real Estate in Italy
Legal Assistance to Buy a House In Court
Govoni Law Firm has matured over the years an important experience in the field of bankruptcy law, executions and insolvency procedures in general. In particular, our lawyers assist the Client in the purchase of properties currently in court auctions, foreclosed property, house connected to the non-performing loan market, or in insolvency proceedings.
We have years of experience, assisting clients as debtor, creditor or bidder who intends to make an offer in Court Auctions concerning Distressed Properties.
Judicial Auctions, Competitions, and Negotiations for the purchase
As a real estate investor or potential homebuyer, it’s clear the appeal of a foreclosure sale. The property is usually priced well below market value, and the money saved on the purchase can be used to renovate it up and eventually sell it for a big profit.
We assist our clients to do it, guiding them in any step of the process, even while being abroad, through a power of attorney.
The global recession created very important fluctuations in the assets values and this is very good for real estate investors. In Italy, property prices are still significantly down from their peak levels.
This situation offer clear investment opportunities for those buyers in a position to leverage market conditions and maximize returns buying foreclosure properties, renovating and selling them.
We perform a legal check on assets subject to interest of the Client and we represent them in every stage of the purchase transaction until obtaining the ownership of these distressed properties in Italy.
Regarding the property-related circuit of non performing loans (NPL), our Team assists and represents clients in all kind of purchase, such as: sale; auction; invitation to offer; direct offer; private negotiation; sale asynchronous; private auction; notarial authentic; bidding; informal bidding; restricted tender with Commissioner; sealed bid; solicitation of lease; assignment; competitive sale.
Order A Preliminary Title Report
When you intend to buy a property in court auctions ask for a preliminary title check. It will show you the condition of the title and indicate if there are any second mortgages, liens or any legal issue which could vest redemption rights in other parties.
You can order a preliminary title report contacting us through our contact page.
The purchase of the property, even if involved in insolvency procedures, foreclosures or otherwise related to distressed assets, will be done safely and guaranteed thanks to the advanced control and due diligence done by our Lawyers that will allow the transfer of the assets purged from any prejudicial transcription.
We strongly recommend considering this kind of investment with proper financial availabilities.
If you want some specification sheet, don’t hesitate to call us.
How can I buy safely a foreclosed property in Italy?
There are thousands of properties in court auctions for sale in Italy, but to buy these bargain properties there is an extremely complex legal work behind it.
With our assistance, for you this purchase process can be very easy! if you are really interested, contact us asking for the free guide on the steps of the purchase of a foreclosed property in Italy with proper legal assistance!
Considering the several requests and inquiries about it, we will update a new form with free registration to start investing even more easily in foreclosed properties in Italy with expert legal assistance in this complex legal area. In the meanwhile contact us here.