Question 1

What are notarial auctions and why are they called?

Accepted Answer

[Notarial auctions](/en/subastas-notariales) are public sale procedures directed by a Notary. They are generally called for three reasons: extrajudicial enforcement of an unpaid mortgage (the bank claims the debt without going to court), division of common property (disagreements between heirs or divorcing parties to liquidate an undivided share), or the voluntary sale by an individual or company that decides to liquidate assets publicly and transparently.

Question 2

Are notarial auctions in-person or online?

Accepted Answer

Historically these auctions took place physically at the Notary's office. However, following the latest legal reforms (Voluntary Jurisdiction Act), all notarial [auctions in Spain](/en/subastas-publicas) must now be held online through the [BOE](/en/subastas-boe) Electronic Auction Portal. Any investor can therefore access and bid from home using a digital certificate.

Question 3

What is "extrajudicial sale" in a notarial auction?

Accepted Answer

Extrajudicial enforcement (venta extrajudicial) is a fast-track mechanism used by banks to auction a seized property when the debtor stops paying the mortgage, provided this route was agreed in the original loan deed. For investors, these auctions are excellent opportunities to acquire bank repossessions quickly and with the maximum legal security that notarial public faith provides.

Question 4

What are the risks of buying a property through a Notary?

Accepted Answer

Although the notarial process is highly rigorous, the winning bidder still acquires the property under the principle of "continuation of liens". This means you must assume any preferential or prior registered charge encumbering the estate. Notarial deeds and conditions documents are often very technical and dense. subastAI's AI analyses these official documents and summarises the hidden risks for you instantly.

Question 5

How do I know if a notarial auction is profitable?

Accepted Answer

To secure your return, cross-reference the auction starting value against possible property tax (IBI) arrears, community fee debts and the applicable Transfer Tax (ITP). Additionally, in cases involving undivided shares, verify whether you are acquiring 100% full ownership or only a share of the property. subastAI's smart search extracts all this data from the notarial deed and calculates your net profit margin so you can bid with confidence.

Preguntas Frecuentes — Notariales

What are notarial auctions and why are they called?

Are notarial auctions in-person or online?

What is "extrajudicial sale" in a notarial auction?

What are the risks of buying a property through a Notary?

How do I know if a notarial auction is profitable?