Itaú Unibanco is conducting an auction of six properties in Goiás, Brazil, in collaboration with the auction house Frazão Leilões. The properties, which include five houses and one apartment, have starting prices between R$ 39,000 and R$ 214,000. This auction commenced on December 29 and will run until Monday, January 9. The options vary in size from 44 m² to 285.4 m², accommodating a range of potential buyers.

Buyers interested in participating can do so through the official auction website. The payment options provided include an upfront payment or a financing plan requiring a 30% down payment followed by 78 installments, although not all properties are eligible for this payment method, with some necessitating full payment at the time of purchase. The auction terms indicate that the properties are not available for inspection prior to purchase, and it is the responsibility of the new owners to manage the process of vacating the properties.

The auction reflects a broader trend in Brazil where financial institutions are offloading assets to recover funds, potentially providing opportunities for buyers to acquire real estate at reduced prices. However, the lack of prior property inspection and the responsibilities placed on buyers to vacate further highlight the risks involved in purchasing auctioned properties without thorough prior due diligence, especially in an uncertain economic environment.