{"id":35090,"date":"2024-09-20T15:54:30","date_gmt":"2024-09-20T13:54:30","guid":{"rendered":"https:\/\/www.cbleon-abogados.com\/?p=35090"},"modified":"2024-09-20T15:57:39","modified_gmt":"2024-09-20T13:57:39","slug":"real-estate-sales-remate-assignment","status":"publish","type":"post","link":"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/","title":{"rendered":"Real Estate Sales Through the Figure of Remate Assignment"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Tabla de Contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#Real_Estate_Sales_Through_the_Figure_of_Remate_Assignment\" >Real Estate Sales Through the Figure of Remate Assignment<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#The_context_of_remate_assignment_in_the_current_market\" >The context of remate assignment in the current market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#What_is_remate_assignment_and_how_does_it_work\" >What is remate assignment and how does it work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#Benefits_of_remate_assignment\" >Benefits of remate assignment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#Legal_requirements_for_remate_assignment\" >Legal requirements for remate assignment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#The_price_in_remate_assignment\" >The price in remate assignment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#Differences_between_remate_assignment_and_credit_assignment\" >Differences between remate assignment and credit assignment<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#Credit_assignment_in_judicial_procedures\" >Credit assignment in judicial procedures<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/cbleon-abogados.com\/en\/real-estate-sales-remate-assignment\/#Remate_assignment_lawyers_in_Alicante\" >Remate assignment lawyers in Alicante<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Real_Estate_Sales_Through_the_Figure_of_Remate_Assignment\"><\/span>Real Estate Sales Through the Figure of Remate Assignment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In recent years, a <strong>new type of sale<\/strong> has emerged in the real estate sector, gaining popularity, particularly in large transactions involving assets acquired by investment funds. This method is known as <strong>remate assignment<\/strong> and is being utilized by companies managing real estate assets bought from banks, which are looking to clean up their balance sheets by selling difficult-to-collect or toxic assets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_context_of_remate_assignment_in_the_current_market\"><\/span>The context of remate assignment in the current market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Since the 2008 economic crisis, banks have accumulated a large number of properties as a result of mortgage foreclosures. These properties, often hard to sell, were acquired by large investment funds at very low prices. Nowadays, the method of selling these properties has evolved, with the traditional direct sale being replaced by <strong>credit assignment<\/strong> and <strong>remate assignment<\/strong>. This new strategy provides more flexibility to investors, allowing them to acquire assets without the judicial process being fully completed.<\/p>\n<p>Previously, the sale of foreclosed properties was only carried out once the judicial process had ended. However, <strong>remate assignment<\/strong> allows creditors to sell to third parties before the final adjudication of the property. This gives financial entities a significant advantage, enabling them to remove assets from their balance sheets without having to wait for the process to fully conclude.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-35088 size-full\" title=\"Real Estate Sales Through the Figure of Remate Assignment\" src=\"https:\/\/www.cbleon-abogados.com\/wp-content\/uploads\/2024\/09\/venta-inmobiliaria-cesion-remate.jpeg\" alt=\"Venta inmobiliaria mediante la figura de cesi\u00f3n de remate\" width=\"1280\" height=\"853\" srcset=\"https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2024\/09\/venta-inmobiliaria-cesion-remate.jpeg 1280w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2024\/09\/venta-inmobiliaria-cesion-remate-300x200.jpeg 300w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2024\/09\/venta-inmobiliaria-cesion-remate-1024x682.jpeg 1024w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2024\/09\/venta-inmobiliaria-cesion-remate-768x512.jpeg 768w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2024\/09\/venta-inmobiliaria-cesion-remate-370x247.jpeg 370w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2024\/09\/venta-inmobiliaria-cesion-remate-760x506.jpeg 760w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_remate_assignment_and_how_does_it_work\"><\/span>What is remate assignment and how does it work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Remate assignment<\/strong> is a tool used in mortgage foreclosure processes. It involves a contract in which the creditor who initiated the foreclosure procedure transfers their right to receive the auctioned property to a third party. This mechanism is regulated in Article 647.3 of the Civil Procedure Act (LEC), allowing the creditor to transfer their position in the auction to a third party once the remate (auction result) has been approved in their favor but before the Adjudication Decree is issued.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Benefits_of_remate_assignment\"><\/span>Benefits of remate assignment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>One of the main benefits of this mechanism is that the creditor can avoid direct adjudication of the property by transferring the remate to an <strong>interested investor<\/strong>. In this way, the executing creditor ensures the possibility of finding a buyer before assuming the costs and responsibilities associated with adjudication, such as registration fees, property taxes like IBI, or homeowner association fees.<\/p>\n<p>Additionally, remate assignment allows the <strong>investor<\/strong> to acquire the property at a price generally below the real market value, making this operation attractive to those looking for investment opportunities in the real estate market. This is especially relevant in cases where the property may have encumbrances, illegal occupants, or difficult situations, all of which affect the final price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Legal_requirements_for_remate_assignment\"><\/span>Legal requirements for remate assignment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Remate assignment<\/strong> must be carried out in compliance with the legal requirements set forth by the Civil Procedure Act. According to Article 647.3, only the <strong>executing creditor<\/strong> or subsequent creditors have the power to make a bid in the auction, reserving the right to transfer the remate to a third party. This transfer must be formalized before the Court Clerk, in the presence of the transferee, who must accept the assignment, and before or simultaneously with the payment or deposit of the remate price.<\/p>\n<p>It is important to note that the transfer must be notified to the court and ratified before or at the same time as the payment of the adjudication price. The deadline for making this assignment is 40 days, as established in Article 670.1 of the LEC.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_price_in_remate_assignment\"><\/span>The price in remate assignment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The price of <strong>remate assignment<\/strong> does not necessarily match the remate price. The parties are free to agree on a different price depending on the conditions of the property and negotiations between the creditor and the investor. This gives the transferee flexibility, allowing them to conduct a detailed analysis of the property&#8217;s encumbrances, debts, taxes, and potential illegal occupants before making their final offer.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Differences_between_remate_assignment_and_credit_assignment\"><\/span>Differences between remate assignment and credit assignment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is essential not to confuse <strong>remate assignment<\/strong> with <strong>credit assignment<\/strong>. In a <strong>credit assignment<\/strong>, what is transferred is the right to collect a debt. Unlike remate assignment, credit assignment does not necessarily involve the transfer of ownership of the auctioned property but instead refers to the <strong>transfer of a credit right<\/strong>, allowing the new creditor to occupy the position of the previous one in a judicial procedure.<\/p>\n<p>The Civil Code regulates <strong>credit assignment<\/strong> in various articles, such as Articles 1112, 1198, 1526, 1528, 1529, and 1530. These articles establish that the <strong>new creditor<\/strong> takes on the rights of the original creditor, including the right to continue the judicial procedure to claim the debt.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Credit_assignment_in_judicial_procedures\"><\/span>Credit assignment in judicial procedures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Once the credit assignment is completed, the transferee must notify the court of their new position in the procedure. From that moment, the new creditor will take the place of the original creditor and continue the judicial actions from where they left off. It is crucial that this transfer is done properly to avoid any delays or issues in the process.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Remate_assignment_lawyers_in_Alicante\"><\/span>Remate assignment lawyers in Alicante<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At <a title=\"Lawyer Alicante\" href=\"https:\/\/www.cbleon-abogados.com\/en\/\">Carlos Ba\u00f1o Law Firm<\/a>, we have extensive experience in <a title=\"real estate law\" href=\"https:\/\/www.cbleon-abogados.com\/en\/services\/property-law-spain\/\">real estate law<\/a> and in handling remate assignments and credit assignments. If you need legal advice on these procedures, do not hesitate to contact us. Our team is ready to offer you the best service and guidance in all stages of your real estate transaction.<\/p>\n<p>For more information, visit our page of <a href=\"https:\/\/www.cbleon-abogados.com\/en\/service\/\">legal services<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Abogado Alicante\" src=\"https:\/\/www.cbleon-abogados.com\/wp-content\/uploads\/2019\/09\/abogado-carlos-leon-asesoramiento-portada.jpg\" alt=\"Abogado Alicante\" width=\"1465\" height=\"871\" \/><\/p>\n<p style=\"text-align: right;\"><a title=\"Abogado Google Maps\" href=\"https:\/\/maps.app.goo.gl\/YuezPNWXNtBcHy1V8?g_st=ic\" target=\"_blank\" rel=\"noopener\">Find us on Google<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate Sales Through the Figure of Remate Assignment In recent years, a new type of sale has emerged in the real estate sector, gaining popularity, particularly in large transactions involving assets acquired by investment funds. This method is known as remate assignment and is being utilized by companies managing real estate assets bought from banks, which are looking to&hellip;<\/p>\n","protected":false},"author":8,"featured_media":35088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_joinchat":[],"footnotes":""},"categories":[170,175,95],"tags":[],"class_list":["post-35090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-real-estate-article-en","category-real-estate-law"],"acf":[],"_links":{"self":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/35090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/comments?post=35090"}],"version-history":[{"count":2,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/35090\/revisions"}],"predecessor-version":[{"id":35094,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/35090\/revisions\/35094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media\/35088"}],"wp:attachment":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media?parent=35090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/categories?post=35090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/tags?post=35090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}