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EU Property Solutions- Experts in all Spanish property issues

EU Property Solutions offer professional assistance and advice in all areas of European property in particular, Spain. We can help provide strategies and solutions to solve problematic property issues, negotiate with lenders on debts, help reclaim lost deposits on unfinished developments and help with repossessions and mortgage arrears across Europe. We have offices in London, Belfast and Spain.

Divorce & Overseas Debt
12 April 2019 @ 15:24

EU Property Solutions have assisted borrowers in the past who are divorced or separated to settle their overseas debt in an amicable fashion. We understand it is a difficult and emotional time for all involved, nonetheless civility and working together can bring excellent results.

The problem

A common occurrence in these types of cases is that during the divorce, one party was to take control of the overseas property, with the other individual waiving their rights to it. However, if the correct processes are not undertaken in the country where the property is located, then it is likely both parties will still be named on the mortgage. Therefore, both parties are joint and severally liable for the debt.

How can EU Property Solutions help?

Given the above, EU Property Solutions require authorisation to act on behalf of both parties named on the mortgage. With the overseas debt being joint and several it is essential to understand the ramifications for all parties involved and that actions taken by one individual affects the other party.

EU Property Solutions will be impartial throughout. We have one goal, which is to minimise your overseas property debt exposure. As clients, although circumstances may be difficult, we urge you to both seek amicable solutions.

What can you do?

If as a divorced/separated couple you are willing to work amicably then EU Property Solutions can finalise your overseas property debt. It is important to see the bigger picture in these types of cases. This property could be the last thing tying an estranged couple together, therefore offloading it and finalising the debt can bring closure.

Therefore, if as a divorced/separated couple you are willing to work amicably then EU Property Solutions can finalise your overseas property debt. It is important to see the bigger picture in these types of cases. This property could be the last thing tying an estranged couple together, therefore offloading the property and finalising the debt can bring closure.

Contact us

As with all our cases, we require relevant documentation and full transparency of current financial circumstances to quote and to proceed forward with the case with confidence.

Should you have a European Property Debt owed jointly with a former partner and wish to know your options, please call EU Property Solutions today on +44 (0) 330 124 1230.

Read some of our case studies here or check out our brochure here.



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