Property Repossessions

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11 Jan 2012 00:00 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 by EOS Team Star rating in In Spain of course!. 4017 posts Send private message

EOS Team´s avatar

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.

Justin



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12 Jan 2012 17:52 by mariadecastro Star rating in Algeciras (Cadiz). 9302 posts Send private message

Legal Questions? Speak to Maria Direct

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:http://www.eyeonspain.com/blogs/costaluz/6565/legal-tip-681-debt-reductions-by-banks.aspx 



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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16 Jan 2012 13:56 by Loraine7 Star rating. 2 posts Send private message

Hello,

Thank you for both replies.


 



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



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