Brazilian Banks Auction Repossesed Real Estate at Huge Discounts

This week, Itaú and Santander will be auctioning some 100 properties located in several Brazilian states.

RIO DE JANEIRO, BRAZIL - Itaú Unibanco and Santander are to hold auctions of repossessed properties this week. There are some 100 properties (houses, apartments, land and commercial rooms) located in several states.

With respect to Itaú, bids could have been placed up to Tuesday, December 15th, at the Zukerman Auctioneers website. There are 28 properties located in the states of Bahia, Espírito Santo, Maranhão, Mato Grosso, Paraná, Rio de Janeiro, Rio Grande do Norte, Rio Grande do Sul, Santa Catarina and São Paulo.

The available properties are residential (houses and apartments) and amounts range from R$54 . . .

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