Case Studies

Interest-only stress on Valencia holiday home

An elderly couple purchased a property North of Valencia, with the intent to rent out the property, but also utilising it as a holiday home. They borrowed €180,000 on an initial 10 year interest only period. Unfortunately, following the collapse of the Spanish property market the value of the property plummeted to just €90,000. This…

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Portuguese property portfolio

A gentleman contacted us regarding a non-performing portfolio of overseas properties. Our client found himself in financial difficulty due to an unforeseen change in personal circumstances and required assistance. EU Property Solutions were appointed and successfully negotiated the voluntary surrender and debt write off with a core Portuguese Bank. The savings, in this case, have…

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EU Property Solutions’ Inaugural Success in Cape Verde

A couple from Northern Ireland purchased their dream home on the beautiful island of Cape Verde in 2008. The property was located in the Vila Verde complex on the Sal Island. Whilst initially the investment proved fruitful and proved to be an excellent holiday home, the couple soon found themselves in difficulty due to negative…

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Portuguese Property Success

Portuguese Property Success Three gentlemen from the Republic of Ireland contacted EU Property Solutions regarding a troublesome property in Albufeira, Portugal. The property was in negative equity and was becoming a burden. This resulted in arrears of over €26,000 and negative equity in the region of €60,000. All three parties had significant assets and good…

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Swiss Franc Mortgage on Paphos, Cyprus Property

  CaseStudy – Swiss Franc Mortgage on Paphos, Cyprus Property   The Problem: Our client purchased a property in Paphos, Cyprus over 10 years ago on what seemed to be an attractive Swiss Franc mortgage product. Since then, with an opening balance of over CHR 300,000, the debt had risen by CHR 50,000 due to…

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Debt Write-Off- Caseras Del Sol, Spain

Debt Write-Off- Caseras Del Sol, Spain Case Study – Development – Caseras Del Sol, Spain Summary at a glance: Client – Mr L, UK Mortgage – 160,000 Euro Value -70,000 Euro Shortfall – 90,000 Euro Community Fees – 4,000 Euro IBI Taxes – 5,000 Euro The problem: Mr L Struggled to pay his mortgage on his property in Spain and owned…

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Vista de las Rocas mortgage shortfall

Case Study – Development – Vista de las Rocas mortgage shortfall Client – Mr N – South England Mortgage – 330,000 Euro Current Value -120,000 Euro Shortfall – 210,000 Euro   The Problem Our UK based client owned a second property in Vista de las Rocas, Costa Del Sol, Spain and unfortunately became unemployed which in turn meant he…

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