Banco do Brasil to Sell 1,404 Repossessed Properties at Large Discounts

RIO DE JANEIRO, BRAZIL – Banco do Brasil (BB) has announced the sale of 1,404 properties with discounts that could reach 70%. This offer includes houses and apartments at prices ranging from R$15,000 to R$21.7 million.

The sales campaign is expected to run until January 15th. Information about the properties may be found through the website seuimovelbb.com.br.

Brazil’s Northeast Region concentrates the largest number of properties for sale, with 590 units and discounts of up to 65%. Next comes the Center West with 349 properties and discounts of up to 70%.

The bank reported that in 2020 it sold 770 properties resulting from defaulted loans. Of this total, 684 were sold through the Seu Imóvel BB platform. The remaining sales were conducted through an online auction or direct sale.

“In order to provide security to buyers, BB guarantees the payment of all expenses related to the property until ownership is transferred, such as taxes, electricity, water and gas fees and condominium,” the bank reported in a note.

AgroBB Portal

Since April last year, the bank has provided another portal – AgroBB – which is exclusively dedicated to the sale of rural properties.

A portfolio of around 100 properties nationwide, with prices ranging from R$11,000 (land) to R$48 million (farm), is available on this portal.

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