Buying mortgaged property

Do you doubt whether it is possible to buy real estate that is pledged by the bank? We will answer you - it's completely safe! Moreover, the risk in such a transaction is much lower, since the bank itself repeatedly carefully checks all documents.

Typically, such apartments are put up for sale by the bank when the borrower loses the ability to pay the loan, and insurance does not cover this situation. As a rule, these are very good, well-kept apartments that no one has specially prepared for sale. Situations with the sale of mortgaged apartments generally happen quite rarely and are usually resolved peacefully, however, sometimes this also happens.

When is it worth buying a property with a mortgage?

And you certainly shouldn't expect that the bank will be dishonest with you - this is not only disadvantageous for its reputation, but also impossible in principle. The only risk that can wait if you are going to buy a property encumbered with a collateral is if the bank is not notified about it. For example, you are offered to pay off the debtor's loan ahead of schedule, and after the bank removes the encumbrance, the borrower sells you an apartment at a price minus the debt to the bank that you repaid. Despite the fact that this deal is formalized, and you get property in Pattaya at an affordable price, it is possible that the borrower will cheat you. Therefore, never try to buy a property encumbered with a collateral without the knowledge of the bank!

Property prices in Pattaya - how to buy better?

CMP Realty invites you to buy property in Pattaya at a price that is affordable for most residents of the city. Our realtors are competent specialists who are able to help you carry out absolutely any real estate transaction encumbered with a pledge. Start working with us and you can buy property in Pattaya at a price that will definitely be affordable.

When carrying out a real estate transaction, remember that each of them is subject to mandatory state registration - otherwise, it will be considered invalid. State registration authorities are well aware of each object encumbered with a pledge, and will not sell a square meter without the consent of the bank. Our lawyers are able to provide any assistance in registering a transaction or simply advise you on what prices for real estate and legal services in Pattaya can be considered acceptable. We will do our best to make the transaction as fair for you as possible!