El blog de Maria

 There are many things I like about this Law but always, take into account, this  is for mortagge debtors where the mortgaged property is a first residency and meets the requisites of exclusion.

- I like the fact that debtor can properly deffend himself now in the repossession/enforcement procedure, specially if abusive clauses are contained in the mortgage deeds.

- I like the fact that it puts higher limits for Banks to value repossessed properties and it also limits quite well the possibilities for the bank to unfairly keep  requesting rest of debt after repossession.

- I like the fact that it  puts and end to monopoly of some property valuation companies and makes any valuation brought by the consumer, obligatory by the bank under strict sanctioning.

- I like the fact that it enhances transparency and possibilities for everyone to auction.

I like a lot that makes a call to the government for social use of empty houses owned by Banks

Jimena de la Frontera, Cádiz, South of Spain.