21 Apr 2011 2:17 PM:

Hi Maria,

I have just been re-reading your posts and we have applied for the dacion va the bank and what has followed has been the ongoing discussions. The property was valued at 465,000 and we borrowed 375 000 and now owe 368 000. The bank valued the property now at 255 000 and we have offered to pay half of the short fall because of the partnership we have on the property. Our partner has relinquished all responsibility for it.

 

We do appreciate your help on this matter.

 

Many thanks.

Thread: Dacion: any advice?

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14 Apr 2011 4:49 PM:

Hi Maria,

Just an update on the situation. We have pursued the dacion and offered half of the outstanding debt. (55 000) The manager of the bank indicated that this was a fair proposal and went to his head office. They have declined the offer as they said it was only 85% and we are now at a loss about what to do. Can they bank seize our assets in the UK? and what could be the future implications for us if repossession takes place. Would  the fact that we have applied for the dacion and offered to pay half of the amount stand us in good stead if the case went to court?

Any advice is gratefully received.

 

 

Thread: Dacion: any advice?

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20 Mar 2011 12:47 PM:

Hi Maria,

Many thanks for your reply. The dacion has been asked for officially through a court process and we have been told we cannot contest the valuation or the way the outstanding amount is paid. They indicated that the valuation has been completed by independent surveyors and that this is neutral.

When we purchased the property it was based on all 3 having their name on the mortgage, bank account and we had to get NEI numbers. We have been informed that in Spain this makes no diference and that only one person is named and that as my husband is the first name on the mortgage he has sole responsibility. Is this correct?

Many thanks for your help.

Thread: Dacion: any advice?

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17 Mar 2011 12:00 AM:

Hi,

 

We are looking for some advice and would appreciate any comments. As many people have found themselves with the current financial difficulties we are struggling with our spanish mortgage. We are going through the dacion process but are concerned that our latest communication from the bank indicates that our property has more than halved in value within the last 3 years resulting in a shortfall of over 100 000 euros. We do want to resolve this situation and never expected to find ourselves in such a position. Is there anything we can do?

Another problem we have is that we bought our property with a partner who has now ceased all communications and will take no repsonsibility for the property or outstanding debt despite his name being on all contracts and the mortgage. Do we have to pay all the debt or can it be organised that it is split accordinlgy between ourselves and him?

Any advice will be gratefully accepted and many thanks for your time.

Thread: Dacion: any advice?

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27 Feb 2011 12:00 AM:

Hi,

We have a fantastic opportunity if you requre excellent, high quality furniture for your apartment or villa

We have some excellent pieces both electricall goods and items including a table and 6 chairs, one king size bed and two zipped doubles that are available. We also have two beautiful brown leather 2 seater settees, one which folds out to become a bed.

We are located in Murica about 20 mins from San Javier and can send photogrpahs or the items can be viewed on the resort. We are able to negotiate the price if offers are reasonable.

Many thanks

Oasis

 

Thread: Furniture for sale in Murcia

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