Short answer
Bank-owned and foreclosed properties in Ponta Delgada are usually listed by the banks themselves or sold at court auctions, and availability is limited and changes often. You need to check the property's legal and debt status carefully, as some are sold with occupants or pending issues. Confirm procedures with the bank, a local lawyer and the court where applicable before bidding or signing anything.
General information, not legal or tax advice. Rules and amounts change: confirm with official sources.
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