Bank Repossessions in Spain: A Legal Perspective
I see that spain is ranked with 3rd world countries in how it respects property rights. I am a solicitor and I am dumbfounded at how the spanish banks seem to behave like there is no oversight. Spain will lose respect long term with how they are handling the troubles suffered by foreign investors.
Bank Repossessions in Spain: A Legal Perspective
I am going through the same problems as the people on here-arrears,what should i do etc.I have read all the posts & also looked at other forums regarding reposession & whether spanish banks will come after me in the uk for my assets & give me a bad credit rating.The 1 thing i havn't found is proof of whether the spanish banks have actually done any of this.At the moment i feel there is alot of scaremongering.I would appreciate any comments good & bad from people who have had there spanish homes reposessed & if they have been chased in the uk or given a bad credit rating.
Bank Repossessions in Spain: A Legal Perspective
I would appreciate any advice – or indication of where I can get advice – on buying property at a Spanish court auction (?Subasta). I have been told it is not like a normal auction, that it is somewhat closed / the outcome is known beforehand?
Bank Repossessions in Spain: A Legal Perspective
My parents house has been repossessed and the bank are selling it for much less than the market value and way below the 50% that they ower for the outstanding mortgage. we believe that their is a law to recover money over and above the outstanding debt, can anyone help.
Bank Repossessions in Spain: A Legal Perspective
Can you please advise, my business partner has a Spanish mortgage and he has also remortgaged his property in Spain to pay off his UK mortgage so he no longer has a mortgage here and has not paid his mortgage in Spain for several months. My concern is that since we are both directors of a UK Company if his debt is pursued here will this affect the Company assets?
Bank Repossessions in Spain: A Legal Perspective
Hi - Im looking for all and any advice. This is a short version of a very loooong story. We built a house in Spain which has basically started to fall down and we have been forced to move out and return to the UK. We are still paying the mortgage on the property of 1800 euros a month despite the fact we cannot live or even visit the property as it has been declared unsafe. We are now in the process of suing the architect, builder and technician but have found out today it will be at least TWO YEARS before we even get an initial court hearing. On the advice of our lawyer we have not told the bank about the house - he says the bank would have looked to reclaim the difference in the mortgage given and the current value of the house. But we are now in a position where we can no longer afford to keep paying the mortgage on the property and also rent a property in the UK - especially when we have no idea if or when this will eventually reach court and even if we will be successful in our claim. Can anyone advise?
Much appreciated
Alan
Bank Repossessions in Spain: A Legal Perspective
can some one advice me i have a property in malaga which i have rented for 2 years i have a mortgage but cannot keep up the payments as the rent doesnt cover the mortgage the bank is threatening reposesion can the bank reposees the house an evict the tenants before the rental contract expires thanks
Bank Repossessions in Spain: A Legal Perspective
I have a Spanish mortgage of €105,000 & the current value of the property is €90,000 & I am unable to find a buyer. I have lost my income from the UK & will be unable to pay the mortgage & utility bills. I have no assets in the UK but intend to register for council housing. Can I still expect a visit from the bailiffs in the UK in the future regarding the outstanding debt after repossession, I would appreciate some advice. Regards. John
Bank Repossessions in Spain: A Legal Perspective
please tell, me, if we go to our bank and want to hand back the keys to our appartment must the bank take them? my husband and i need to leave spain and move back to the uk, we have no money coming in and can not affored nor wish to maintain our property in spain. our mortgage remaining is 185k the appartments where we live are now seeling for 175k. we payed 50k deposit 4 and a half years ago and have paid in full our mortgage payments every month. we understand that the differnce between the cost of the mortgage to the value of the appartment is 10k, so if we offer to pay this 10k back as a loan from the bank and that they take our keys and give us a closure document must they do this for us, or are they with in their rights to say no?