EXPLORE OUR

REPOSSESSED ASSETS AND SECONDARY MORTGAGE SALES

As a result of foreclosure process, lenders repossess and sell foreclosed properties. Ascendancy sells these properties in each of the markets it has a presence.

Investing in recovered assets and assignment of rights has proven to be an upcoming market given the attractive returns that may be found in this type of investment.

5 Years Interest With a
Purchase Option

Settlement +
Discount

Payment in Kind +
Cash for Keys

THE ADVANTAGES
OF INVESTING
WITH US

The advantages of investing with us

Presence and attention

In every country where we operate through our network of Realtors, Property Managers, Law Firms and Investors

Full transparency

In sales processes

Outstanding sales

There are significant investment opportunities, as primary or second homes, rental properties, or a renewal project

Continuous attention

To our customers, to our buyers and our investors

Property Management

Property management is provided in each country to foreclosed properties

Mortgage Brokerage Support

In select countries mortgage brokerage support is provided for debtors seeking refinance or debt consolidation

What is a repossessed asset?

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Houses, land, both vacant and commercial, or industrial lots that financial institutions and portfolio recovery companies, repossess as a result of a foreclosure process from a defaulted customer. These properties are then listed for sale. The repossessed assets that are promoted and marketed by Ascendancy are in the process of being regularized for sale, which means that once you invest in one of them you are provided clear title.

What is a Secondary Mortgage Sale?

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The transference of the enforceability rights under a Mortgage and Further Charges (if any) of a loan to a third party is what we call a Secondary Mortgage Sale. Generally speaking, the loans are in arrears due to the lack of payments of the borrowers, and depending on the judicial status of the loan, the sale-and-purchase of the rights enforced through the court system is allowed. These type of transactions are not that common in the Caribbean, but Secondary Mortgage Sales have proven to be a good investment because it has attractive prices, offers significant discounts, and the acquisition of these rights is well below the value of the property that represents the final guarantee of the mortgage loan. These type of transactions are not that common in the Caribbean, but Secondary Mortgage Sales have proven to be a good investment because it has attractive prices, offers significant discounts, and the acquisition of these rights is well below the value of the property that represents the final guarantee of the mortgage loan.
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Traditional
Reestructure

A new beginning. You can start
again with a smaller amount
than the one you currently owe by
more affordable monthly fixed
payments on your mortgage.

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5 Years Interest
Only Restructure

You can't afford a smaller
monthly payment? You can pay
only the interest for the first
5 years and this will make your
monthly payment even smaller.

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5 Years Interest With a
Purchase Option

If your economic situation
doesn't allow you to cover monthly payments, we offer you to pay a
lower amount and once your
situation improves, you can settle
the debt at a fix price.

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Settlement +
Discount

We will give you a very
substantial discount. You
may choose to pay with another
loan, cash or with the sale
proceeds of the property.

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Payment in Kind +
Cash for Keys