CAM Bank Reposessions in Tenerife
Banks are having to take a different approach to disposing of properties where the debt has turned bad. CAM Bank, one of the larger Spanish institutions, has taken the bold step of making all their properties in danger of repossession available to the general public through selected agents around Spain.
Currently, approximately 500 new properties each week fall into this category, and CAM Bank have set up a system to find buyers for these properties, without the time and expense of repossession – to the benefit of the buyer, vendor and the bank.
CAM Bank have properties all over mainland Spain and the islands – all available at the bank debt price. Additionally, CAM Bank will finance up to 80% of the property and offer a mortgage pre-approval process for buyers.
CAM Bank invite you to register with Tenerife Property Shop now as a potential buyer. There is no commitment or obligation to buy but you do need to be actively interested in buying a Spanish property. You will need a clear idea of your maximum budget and have at least 20% of that budget available as a deposit.
Tenerife Property Shop are the exclusive agent working with CAM bank properties in the South of Tenerife. If you are interested in these properties, please register by sending an email to us with your daytime contact telephone number and your budget. We will contact you to ask further information about the property you are looking for and send you the relevant CAM distressed and repossessed properties.
