Bank Repossessions in Spain: A Legal Perspective
I have signed a guaranor form foir a friend on some properties in Spaina nd now the person can not afford them.
The guaranor was signed in a UK lawyers form who does not do international law. If I have signed this guaranor form in English does this mean it is valid in spain or is it that just spanish versions are valid ? THis is for 350,000 so obviously I do not have the money to pay.
I heard I had to go to spain to be liable as if I did not attend any court hearings it was then not valid ....
please can you confirm these points for me please.
Lastly do you also act in other parts of spain i.e. Majorca or Tenerife or not.
Thank you very much
Bank Repossessions in Spain: A Legal Perspective
I have a property in Spain which I no longer live in. My ex partner is still living in the property and has stopped paying the mortgage as she says she can no longer afford to. We are both on the deeds and I am pretty sure that the property is not in negative equity, (150,000 euro mortgage left) and property worth about 300k. If the bank does go ahead to repossess the property and sells it at auction for a a profit am I entitled to half of the remaining proceeds and if so how do I go about obtaining them? Thanks for your help
Bank Repossessions in Spain: A Legal Perspective
i have taken a loan out for 6,000 euros and have paid back about 1,000, we had the loan on our property in spain. and my mother put her house against it as well, i made the first 6 months payments, then lost my job, my mother died and we we moved back to uk, and have no contact from the bank as we do not speak spainish, we have been back 6 months, and a friend has told us they have taken our house,its worth about 100,000 is this possible. is there any thing i can do.
Bank Repossessions in Spain: A Legal Perspective
Hi
I just wanted to ask you a couple of things please. I have my house up for sale but I am trying to get an interest only mortgage until he property is sold as the euro rate is crippling me financially. If you are not a resident where do you stand with tax and general fees if remorgaging? The other question is there apparantly a Spanish couple who want to rent my house. The only thing that concerns me is that I have been in touch with an esate agent called equus about renting, they said they can arrange a contarct and collect money but where do you stand inSpain when tenants stop paying rent? I beleive there is an insurance policy you can take out for 58 euros a year which protects rental income, and court costs for eviction. Do you know of this insurance and if so is it reliable. I am not sure if the tenants also have a small child and this is another thing when children are invloved it is harder to vacate them. As my house is up for sale it may be unwise to rent anyway. I don't know what to do as the worst case senario for me is that I have tenants in, not paying rent, I still have to pay mortgage and cant sell the house.
Many Thanks Stefan
Bank Repossessions in Spain: A Legal Perspective
Hi
If you extend your mortgage to bring payments down do you still have to pay stamp duty tax if you are not a resident or will it be waved as the mortgage is already with theat lender?
Many Thanks