New mortgage settlements

 

21.03.17-Newmortgagesettlements-RDT

RDT Abogados continue to work on many clients´ behalf in negotiating mortgage settlements with Spanish banks.

Recent successes include;

Lender: Sabadell

Location: Murcia

Outcome: Sale with write off of the debt (“Quita”)
The client had a mortgage debt of approximately €320,000. The market value of the property was €205,000 a buyer was found and the Bank agreed to write off the shortfall of approximately €115,000.

 

Lender: Bankinter

Location: Malaga

Outcome: Full settlement.
 The client had a mortgage debt of approximately €208,000. Following negotiations with the Bank, and the client´s full cooperation, the Bank agreed to write off the entire debt.

 

Lender: Bankia

Location: Murcia

Outcome: Sale with write off of the debt (“Quita”)
The client had a mortgage debt of approximately €215,000. The market value of the property was €130,000 a buyer was found and the Bank agreed to write off the shortfall of approximately €85,000.

 

Lender: BMN

Location: Alicante

Outcome: Partial settlement. 
The client had a mortgage debt of approximately €108,000. The Bank agreed to write off €98,000 if the client contributed €10,000. The property has been signed over to the bank and the client is now free of liability in Spain.

 

Lender: Sabadell

Location: 
 Malaga

Outcome: Full settlement.  The client had a mortgage debt of approximately €200,000 we negotiated with the lender to have the client released from his mortgage contract and all debt cancelled. Due to the client´s circumstances the bank paid all associated taxes.

Lender: BMN

Location: Murcia

Outcome: Partial Settlement
. The client had a mortgage debt of approximately €105,000. The lender agreed to write off €96,500 if the client contributed €8,500 towards the debt. The client has been released from the mortgage contract and all debts are now cancelled.
All of the clients mentioned are now free of their financial liabilities in Spain.

 

If you are experiencing difficulties with your mortgage in Spain and need advice, feel free to contact our team for a no obligation consultation on 0203 475 4041.