Property Repossessions

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11 Jan 2012 12:00 AM by Loraine7 Star rating. 2 posts Send private message

If you have had a property repossessed does this affect the possiblity of you relocating to Spain in the future?

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12 Jan 2012 11:47 AM by EOS Team Star rating in In Spain of course!. 4015 posts Send private message

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I don't think it's going to have any impact on you living in the country.  But it may certainly be an obstacle if you are looking at borrowing money again.  Mind you, the banks aren't exactly lending at the moment anyway so that's not much of an issue.

But, if you still are indebted to the bank, even after they repossessed it, then I think if you are in Spain they will have more chance of making sure you clear that debt with them.



Schools in Spain Guide | The Expat Files | Learn Spanish | Earn a living in Spain

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12 Jan 2012 5:52 PM by mariadecastro Star rating in Algeciras (Cadiz). 9388 posts Send private message

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Yes, if you are still in debt with the Bank, it is good to contact them for the debt to be negotiated and finally erased.

Good dialogue ( if they are open to it)is always better

Good example of this: 


Maria L. de Castro, JD, MA



El blog de Maria

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16 Jan 2012 1:56 PM by Loraine7 Star rating. 2 posts Send private message


Thank you for both replies.


This message was last edited by Loraine7 on 16/01/2012.

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