Costa del Sol
Ex Mayor of Marbella sees her home put up for auction
By h.b. - Jul 2, 2008 - 7:01 AM
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The First Instance Court number 5 in Marbella has placed for auction the home of the ex Mayor of Marbella, Marisol Yagüe. The sale comes as part of the sentence which condemned her to pay more than 722,000 € for building reform work carried out to the property.
According to the auction documents the property is worth more than 1.9 million €, although there is a mortgage in place with the Banco Español de Crédito and has another embargo in place on it.
Those who are interested in the property have to go to the courts and supply a bank guarantee for a 30% deposit to take part in the auction which is set for September 23. Bids will be made in closed envelopes and the highest bid will win provided that it is at least 70% of the estimated value.
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