Bank Repossessions in Spain: A Legal Perspective
Dear Sir or Madam
My daughter has handed in the keys of her property in Spain to the bank.
She owns her home in England where she lives with her son.
Would she be able protect her home in England from the bank in Spain if she were to put it in trust for her son?
If so, are there any drawbacks/negatives in doing so and could it be changed at a later date?
Many thanks!
Bank Repossessions in Spain: A Legal Perspective
Dear Sir
I have a house with Hipotec in Spain.
I am not in negative, however it has come to my attention that besided a number of problems/errors when I purchased the house some 3 years ago, the bank have not registered the hipoteca in the notary. It is named in the scriptura.
If I fall into negative, then as I understand it the Bank can NOT reposses the house as they have not notarised the hipoteca.
Bank Repossessions in Spain: A Legal Perspective
I am being repossesed due to none payment of my mortgage for a year.
I did go to my bank manager and asked for interest only as I am resident in Spain and understood that they would do this, this was before I was in trouble. She said she would let me know. After a while I rang again and was told she was still waiting. I did not pay anything to the bank as it would have eaten up the lesser money that I had. I then received a telephone call from the bank recovery saying they would embargo my business. I went to see him and he said I must come up with 10k as they were calling in my loan and credit card in full. I got him the 10k although it was a week late and he told me I needed more. To cut it short I took my money away and tried to make contact with my bank manager via e mail. They did not reply so I sent a recorded delivery to the head office, still no reply in the meantime I had to go and collect the court papers and was told the case was in acto. I am thinking of going to court and defending myself, on the grounds that the bank did not respond to any attempt to resolve this situation. Is this possible? Many thanks
Bank Repossessions in Spain: A Legal Perspective
I was sold a reform by an estate agent who subsequently arranged a builders quote and a project manager. There is a mortgage of Euro 49,000. Separately, I spent a considerable amount of cash doing it up and the build quality is not good. However, working abroad, i have never lived there so the property is also looking jaded. It now transpires that the village is infested with termits and my property is affected. I would practically now have to rebuild a second time (Euro 45,000) with concrete floors (as opposed to wooden floors etc). I am reluctant to do so and am thinking of handing over the keys in desperation. Do i have any comeback against agent / builders for recommending wooden floors in an area known for termites ? Is termite treatment an alternative ? Is there an honest builder in Spain !?
Separately, can I transfer title of my UK property to my niece to try and escape the hunt for assets ? Can the Spanish Banks go after offshore bank accounts ?
Sorry for all the questions Mr Lawbird. This site is so informative. Keep up the good work.