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Dear Madam,
The topic of forced completions has been covered extensively through many queries on the same matter:
forced complete ( 1 2)
Unregistered
chased to complete
abo07
What remedies does a developer have to enforce completion
Unregistered
Can we be chased by the bank after arranging a Dacion en Pago?
Unregistered
Will i lose my uk home
Unregistered
Property was bargained away and we are being chased for the shortfall. Please help!
Wendy
A Spanish developer can indeed pursue you, and many are already doing so, for the outstanding debt in the UK. They will place a charge against your UK property. I believe they cannot force the sale of the property if its your permanent dwelling, particularly if you already have a mortgage against it. On transfering ownership this debt would be settled.
These debts can be outsourced to local debt collecting agencies who will pursue you. I have no idea why people were under the wrong impression there would be no comeback on defaulting Spanish mortgage loans or else for non-completion on Spanish properties if in breach of contract.
Yours faithfully,
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