Would you buy properties selected by us?

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19 Sep 2011 10:59 AM by TaxExile Star rating in UK. 17 posts Send private message

Tarquin,

You did not read the post properly... and the rest of your text was edited by EoS team so no idea what you were discussing.

The services I am talking about (which are not on the CL website) are debt restructuring, debt negotiation and to some extent Dacion en Pago (being the last resort). In other words a lawyer with whom clients can go to and say  "get me out of Spain" and they will enter into talks with the bank to negotiate the client debt and write off any claims against UK or other foreign assets if that client cannot service a mortgage or other debt secured on the asset. There are very few lawyers who seem to offer these specialised services - hence why I think this is a potential growth area. I'm not talking just about Dacion en Pago I'm talking about much more than that...

Maria I could not see these services being offered on Costaluz Lawyers website, I even used the search facility but "Debt Restructure" and "debt negotiation", and additionally "Dacion en Pago" etc return the phrase "No results!"

 I think right now more and more people desperately need lawyers who can approach a bank and offer debt restructuring solutions and negotiations. I know of only a few who are very well renowned (and very expensive). If you do offer such services then send me a PM as I've a few people I can put you in contact with...

Kind Regards,

TaxExile

 

 



This message was last edited by TaxExile on 19/09/2011.



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19 Sep 2011 11:12 AM by mariadecastro Star rating in Algeciras (Cadiz). 9402 posts Send private message

mariadecastro´s avatar

 yes, we have been advising that route to clients since a long time ago. For instance, see these post of January 2009:

http://www.eyeonspain.com/blogs/costaluz/1094/legal-tip-27-dation-in-payment-a-right.aspx

 
or this recent one dated the 20th of July this year:
 
 
we have performed a god number of sucesful daciones en pago in Costa Luz
 
 



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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19 Sep 2011 11:29 AM by TaxExile Star rating in UK. 17 posts Send private message

Hi Maria,

I know you have posted about Dacion en Pago before (I've read those excellent posts a few times) - Dacion en Pago I hope is a last solution for many people and it relies on the property not being in negative equity (correct me if I am wrong).

So many people are looking for more than just Dacion en Pago. I think many want services for debt restructure and debt negiotiation  with the bank.

Like I say Maria there is nothing on the CL website about offering these services..  But if you do offer debt refinancing solutions then send me a PM I've a number of clients I can put you in contact with.

Kind Regards,

TacxExilt 

 





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19 Sep 2011 11:31 AM by mariadecastro Star rating in Algeciras (Cadiz). 9402 posts Send private message

mariadecastro´s avatar

 I have sent an email to you. I will be so pleased to help those clients.

Today´s post. I am inspired by this new venture. I do think it will help MANY PEOPLE

 

 Legal tip 595. Bringing life 

19 September 2011 @ 11:24 

 That is what we aim for with our new venture in conjuction with several other great property proffessionals we have been in contact with for many years now.

Just to offer the best deals, fully guaranteed both in legal and technical terms and with a price you can be sure is the right one. The full market at your hands. Is this not what you are looking for?

Importantly, by curing part of the body the whole body will heal. That is why are also passionated about the mission.

By doing so, we help you and we help us as a company, but we also help the market to get into a bit more of life and balance.

Banks will be settling and  developers will probably increase their sales: this will bring its portion of health and dynamism to the Spanish property market.  Related Services revitalising. Work rates improving: life again.

We also help this way, those of you who already have a property in Spain asthis dynamism will make your resorts and facilities improve and somehow resurrect from paralysis.

When doing so, we will be proactively asking the main defaulters and causers of the whole mess: Banks for settlements, offering to you the best priced, quality and legal properties.

This will also be a benefit  for those waiting for a refund as money circulating within the sector will ease the settlements and transactions

It is just about bringing life to what is almost death.

Kindest,

Maria

 



This message was last edited by mariadecastro on 19/09/2011.

_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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19 Sep 2011 11:49 AM by TaxExile Star rating in UK. 17 posts Send private message

Thank you Maria,

I think debt negotiation and debt restructure are very small but really growing areas, but I also think there is a massive area where Dacion en Pago alone just does not cut it. For example the ones who are in negative equity and want to walk away but protect their other assets. I know that is very difficult to do in a NE situation and that is why such a service is really badly needed in Spain right now. I am thinking any lawyer who can offer all these services will make a fortune in the current market.

Speak to you in the PM section 

 





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19 Sep 2011 12:19 PM by mariadecastro Star rating in Algeciras (Cadiz). 9402 posts Send private message

mariadecastro´s avatar

 Well, it is not our objective to make a fortune but to pay our bills, help to revitalise the market, create oportunities for other ones... and have you happily living in Spain.

We are clear on that!

Kindest!

Maria



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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02 Oct 2011 7:55 PM by normansands Star rating in Kent. 1281 posts Send private message

Dear All,

I recall that my english lawyer from EUROPEAN LEGAL SOLUTIONS advised me that they were a substantial company with offices in both countries, they only dealt with the very best top performing developers and had been doing so for many years, with every skill necessary to ensure my safety. They could vet any architect's scheme and give every assurance.

With no Spanish at all, my only task was to appraise the location and drool over the brochure. Having topped up their secure client account of course. Money never to be seen again.

I suppose your suggested alliance might work if there was absolute tranparency and honesty.

Unfortunately it defies EOS logic in some respects..............

Never, never, never buy off-plan in Spain and trust nobody at all, not developer, not agent, not lawyer etc. etc.

The government would like us to be trusting (gullible) again but how many could manage it????

Regards

Norman

 

 



_______________________
N. Sands



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03 Oct 2011 8:27 AM by Forhotspot Star rating. 233 posts Send private message

I certainly will not trust any agent even recommended in EOS.You have to do your research yourself & NEVER let any agent talk you into using his lawyer, that's for sure. I've made a lot of mistakes in buying an offplan thinking that I could trust my agent but regret I had.



_______________________


 




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07 Oct 2011 4:52 PM by TaxExile Star rating in UK. 17 posts Send private message

 Forhotspot and normansands I totally agree with you....

In my opinion if I was to ever buy in Spain again, and I never, ever will, you can trust no one. The sad thing is that even with an honest lawyer, it does not stop all the other dishonesty rife in Spain's property sector. A good example I have heard of just recently involving a close friend is where even the administrator of a community of owners, who is a Spanish lawyer, was prepared to accept clearly faked bills from a developer who had unsold developer owned properties which were in the community. Names and locations will remain anonymous at this moment in time until I can write something that will not affect the confidentiality I have been placed under.... So even if you buy from honest people and think you are safe for a while.....think again... 

Kind Regards,

TE





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19 Jul 2013 9:39 AM by JamesMarshall Star rating. 1 posts Send private message

Seriously !!!..I don't think so...Everyone has their own perspective of  buying or investing on BMV property.. But In my view  the problem the buyers faces will be the  legal procedure these properties involved. So i would recommend to employ an qualified realtor or a property agent as they saves  us a lot of money and buy property  fast and with a minimum of hassle. ** EDITED - Self Promotion **

 


This message was last edited by eos_moderators on 7/19/2013 12:27:00 PM.



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19 Jul 2013 11:31 AM by baz1946 Star rating. 2327 posts Send private message

Help please as i cant find any house's in Spain for sale on your website?** EDITED **

 


This message was last edited by eos_moderators on 7/19/2013 12:28:00 PM.



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