Immediate mortgage loan immediately. Now the ways learn. A mortgage loan is a form of mortgage lending. The mortgage note is usually referred to as immediately enforceable.
Can not meet the demand, the mortgage is due immediately and the owner of the mortgage can demand the appointment of a bankruptcy trustee. access and immediately initiate the compulsory auction (real liability). high-interest rates, but benefit immediately from falling interest rates.
Banking and investment advice
If you have a property with a Spanish lender before the credit crunch, the chances are very high that you have an interest rate in your mortgage contract. You have been overburdened by your Spanish mortgage provider. Paying well above this rate indicates that you have an interest rate floor, ie the minimum rate must not fall below a certain level.
If your mortgage contract says that your Euribor profit margin is over 1.25 points, you should ask for 1.31% interest instead of the interest rate floor. Accordingly, the house bank charges you too much and you are entitled to a full refund. With the interest clause, you also have an immediate advantage of lower monthly payments, as you only count on the reduced interest rate.
If this provision is hidden in your Spanish Mortgage Agreement
Contact the FFA and we will provide legal notice as to how credit institutions are required to cancel this provision and reimburse you for the overpaid amount. The Supreme Courts in Madrid have ruled that this provision is abusive, but credit institutions can not urge the repayment of overpaid money.
It is therefore up to the person to bring an action before the house bank in order to obtain the revocation of the provision. Without your intervention, the National Bank will certainly not inform you about the court ruling and continue to overload it. Become more active and do not break the shore with this real “robbery”.
The rules introduced in 2012 were adopted to suppress reckless lenders and unjustified property infringements. These were committed by unscrupulous, Spanish-speaking lenders. Basically, the Spanish government intervened to stop lenders who had driven hard-working host families out of their homes, as the lenders themselves were probably responsible for the priceless credit practices prevailing before the crisis.
In general, this rule applies both to persons resident in Spain and those not resident in Spain and essentially means that a Spanish lender pays in full the mortgage or arrears and interest that you have on a property located in Spain, by the surrender of the property can and has consented to. For example – Ms. P, a UK resident taxpayer, purchased in 2006 a property located in Spain at the highest level of the real estate market. It paid $ 350,000 and had a land charge of $ 290,000 approved by the ECB at the same time.
The property is worth no more than 200,000 dollars today, but Mrs. P. owes the house bank still 290,000 dollars, as they had initially agreed. Mrs. Pís’s situation has changed as a result of the separation from her husband, and she has had to shorten her working hours to look after the dependent infants so that she can no longer afford the monthly expenses of the Spanish property.
They are no longer taken by the house bank
However, the credit bank ABC must check the repayment on the total mortgage liability of Ms. P. if she asserts the liability for the property over her property. This means that you will receive a notarized confirmation of the full payment of the mortgage debt to the lender and that no further claims will be attached to your bank client and NO black mark will appear on any credit bureau in Spain or anywhere else in the world.
Now, the simple statement is that most Spanish-speaking banks have asked the government for leaflets, otherwise they would have gone down in the order of USD 1.5 billion (100 billion dollars). In the end, the Russian state will pay for the costs of the rescue and the rights of the second option are created.