Posts by EU Property

CYPRUS-Our Experience To Date

EU Property Solutions have successfully completed cases where borrowers were suffering from Negative Equity issues in Cyprus. We wanted to share our experiences to date and outline the routes available for borrowers losing the Swiss Franc Mortgage battle. The majority of cases we resolve within Cyprus are as a result of mortgages being sold in…

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WALL OF SHAME

EU Property Solutions settle cases across the Spanish Costa’s regularly and market research has identified over 250 developments where negative equity exists. We do have some regular “offenders” however the following developments make EU Property Solution’s WALL OF SHAME. Costa Blanca/Costa Calida Playa Golf Corvera Golf & Country Club Peraleja Golf Roda Golf Dream Hills Hacienda…

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PROTECTING YOUR UK ASSETS

EU Property Solutions regularly encounter overseas borrowers who have walked away from a property in Spain simply handing the keys back to the Bank. Many have a flippant attitude believing that Spain’s sperate legal jurisdiction means no liability can be pursued in their home country. This is WRONG! We have assisted 2 borrowers who had…

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THE CORRECT & INCORRECT WAY TO DEAL WITH OVERSEAS PROPERTY DEBT

EU Property Solutions understand the correct way to deal with Overseas Property Debt and creditors and unfortunately hear many stories of borrowers acting in a way to jeopardize any potential settlement and their home assets or income. Below we discuss the correct and incorrect ways to deal with Overseas Debt. If you have an overseas…

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La Manga Strip – Complete debt write-off

A couple appointed EU Property Solutions, their property on the La Manga Strip was causing them a headache. Declining rental income made the property an undesirable investment and property was in Negative Equity to the region of €15,000 but if you included sales costs the figure was closer to €30,000. Furthermore, given current market conditions…

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“TAKE THE KEYS & BUGGER OFF”

Many people who contact EU Property Solutions advise that they simply gave the keys back to their respective overseas lender and walked away when the market collapsed. A significant majority believe that ended their overseas property ownership and debt – this is incorrect. As wronged as many feel they have been by the “loose lending”…

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SELLING IN NEGATIVE EQUITY-WHAT TO DO?

A regular phrase EU Property Solutions hear in our work is that individuals refer to themselves as “mortgage prisoners”. They believe that as they have negative equity they have no option but to continue to pay the property mortgage and continue property ownership. Believing that selling in negative equity is not an option. EU Property…

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THREE SPANISH PROPERTY MARKETS

EU Property Solutions specialize in Spanish Property Debt issues and following recent observations we have identified three separate property markets in the country. Small level local property market. This market revolves around Spanish communities and towns you would consider being home for local Spanish citizens. This market is separate to the market EU Property Solutions…

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THE DEADLINE LOOMS – RECLAIM ON UNFINISHED SPANISH DEVELOPMENT

THE DEADLINE LOOMS – RECLAIM ON UNFINISHED SPANISH DEVELOPMENT

It may appear we are ‘raking over old coals’, but never has this subject of Unfinished Developments in Spain been more relevant especially now as the deadline for submitting claims is rapidly approaching. There are many horror stories of people committing to buying off plan Spanish developments. Fast forward, these developments now remain, too unprofitable…

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NEGATIVE EQUITY-THE NEXT STEP

“What is negative equity?” Do you ever ask yourself-What exactly is Negative Equity and what does this mean for my home abroad? This is completely understandable; we hear these questions frequently from concerned clients. Almost 12 years ago pre 2007 crash, many people purchased property in Spain and across Europe at the height of an…

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