17 Jul 2009 12:00 AM:

HELP - I have found myself in a difficult situation without going into all the sordid details my husband disappeared after taking most of the money out of our bank acct which was backup to cover the mortgage on our property.  I have a holiday let business which brings in some income and full-time job.  However I will not be bringing in enough to cover my 930 euros mortgage payment plus all the living expenses.

I was very pleased that my bank would help me out by giving me a personal loan - which would help me out for a year however I have been informed that they will keep this money in a separate acct to cover the mortgage payment.   Now  I have been thinking if this is a personal loan why do I not have control over this money and can they do this?  There is enough equity in the property as collateral

I fully intend to keep up the mortgage payments - as I do not want to simply hand back the keys to the bank and with it the equity  It just does not seem right that they should dictate those types of terms.  I quite sure that it would not happen in any other country - or correct me if I am wrong!

If anyone could shed some light on this please let me know.  

Regards

PS The property is up for sale!

 

 

 

 

 

 

This message was last edited by Montserrat on 17/07/2009.
Thread: Personal Loan

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10 Jun 2009 12:00 AM:

Looking for couple or even a single person to live onsite and manage properties.  Fully furnished with everything you would need including all linens  Full use of swimming pool, wifi internet and SKY TV.  Would be ideal for retired couple with income or even a single person.  Ideal location for your family to visit as it has three casita's.

Located in the stunning Lecrin Valley , Pinos Del Valle.  The property is 30 minutes from Granada and now with the opening of the new autovia only 13 mins from the beaches. 

Fantastic opportunity to try out Spain especially if you are looking around and still trying to find a place to settle.

Rent would be only 250 euros per month that does not include telephone, electricity.  (open to discussion)

Call 958793929

Looking forward to hearing from you!

 

Thread: Looking for Live-In Managers - Fantastic Opportunity

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30 Apr 2009 5:43 PM:

All I can say is "Buyer Beware" of have heard to many horror stories of buyers being led down the garden path - this situation is the first I have heard of and I would encourage you to seek funding elsewhere if possible.  I really do believe that someone is trying to pull the wool over your eyes.....

Good Luck!

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Thread: Developer Mortgage Question?

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