A couple based in Northern Ireland bought a property in Costa del Sol at a value of €240,000. Given the dramatic decline in of the property market, the house was in Negative Equity totalling to €180,000. Furthermore, the development became run down and left unoccupied due to lack of interest.
The couple contacted our office thus leading us to enter direct dialogue with the Bank on their behalf. Through protracted negotiations the lender agreed to take possession of the property and the property was then sold allowing for the entire debt to be settled for €10,000.
A SAVING OF €170,000