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Ninbai (sale of goods for sale)

Voluntary sale. This refers to a move by financial institutions to sell properties before auctioning them in order to recover as much of the remaining debt as possible, such as when loan repayments are repeatedly delayed, or to the property itself. ...That is, from the perspective of the financial institution.
From the debtor's perspective, this method involves selling a property that is in a state of excessive debt, negotiating with the financial institution to have the shortfall in payment covered, releasing the mortgage, and going ahead with the sale.
There is an impression that you can purchase it cheaper than the market price, but it depends on the case.

Non-Riko

An abbreviation for "non-recourse loan." "Non-reco" is roughly equivalent.
A type of financing in which debt is repaid solely from cash flows generated by the debtor's specific assets.
Collection of claims does not extend beyond the assets that are the subject of the loan.
It is often used in real estate securitization. The opposite is "recourse loan."