Murcia Property Shortfall: Savings of €54,000

By on January 23rd, 2017

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A recent client purchased a property in the Murcia area due to a successful return on their business. Unfortunately, a decline in business and a failing property portfolio in Northern Ireland caused the gentleman to fall into difficulty and meaning the property was in significant arrears when we were notified.

Our expert team contacted the lender were an open market sale was arranged. The client was liable for the €60,000 in the mortgage shortfall. Through negotiations and excellent financial presentations, a Full & Final Settlement was agreed of €6,000.

A SAVING OF €54,000

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