Decree for Mortgage Debtors

Some benefits of the recently approved Decree "Second Chance" for mortgage debtors: - The Cabinet approves the extension for two years, until 2017, of the period by which people living in primary residences cannot be evicted by lender Banks. In relation to collectives that are object of … [Read more...]

Mortgage Negotiation with Your Bank

Negotiating a reduction in your mortgage interest rate If you are experiencing difficulties with the payment of your mortgage instalments, some tips: Negotiate with the Bank: 1. Renegotiate the interest rate: specially if you have a floor clause (cláusula suelo) or any other abusive clause … [Read more...]

Mortgage Default Assistance

Are you struggling to pay a super-mortgage on a house for which the initial valuation was highly-inflated? Is the Bank not listening to you? Is your pension not enough to cover such an expensive mortgage? Do you feel that you cannot keep living this way? Is the situation destroying your … [Read more...]

What happens once I default in my mortgage payments in Spain?

Q-What happens once I default in my mortgage payments in Spain? I really cannot afford keeping those payments up... A- 1. Generally, Bank will send to you a notice after three monthly defaults. This is not regulated in any Law, it is just common practice.  An active negotiation with the Bank, with … [Read more...]

International Funds for people in Spain

International Investment Funds are coming back to Spain  to buy bargain properties. Mainly  owned by Sareb ( the Bad Bank). More than 800 million of euros have been spent by this international investors in Bank-owned-bargain properties during the last 15 days. A good oxygen for....... … [Read more...]

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