HI
WE RECENTLY SENT CORRESPONDENCE TO OUR BANK IN SPAIN OFFERING A ONE OFF PAYMENT 0F 50% OF OUR OUTSTANDING MORTGAGE DEBT IN FULL AND FINAL SETTLEMENT. I POINTED OUT THE USUAL THINGS W ITH REGARD PROPERTY PRICES HAVING CRASHED AND THE STATE OF THE ECONOMY AND THE CASH FLOW OF SPANISH BANKS
THE BANK ADVISED ME THAT THEY WERE LOOKING AT THE ISSUE AND SEVERAL WEEKS LATER AFTER MUCH NAIL BITING ON OUR BEHALF THEY CAME BACK AND DECLINED THE OFFER.
MY THOUGHTS ON THIS WERE THEY ACTUALLY CONSIDERING MY OFFER, OR WAS IT JUST SPANISH MANYANA.
I WONDER WHAT THE RESPONSE WOULD HAVE BEEN IF THERE HAD BEEN A DOZEN OR MORE PROPERTY OWNERS MAKING THE SAME OFFER.
I WOULD LIKE TO HEAR OTHER OPINIONS. IS THERE A BANKER ON CONDADO WITH AN OPINION?
LIVING IN HOPE
BILL AND JACQUI
BILL AND JACQUI