Another month down and one more to go in 2015. I know it’s cliché to say but this year has flown by and we have made excellent strides forward here at EU Property Solutions. The team worked their magic again in November progressing and achieving settlements for our clients.
We received one of our best ever results for a couple and they are delighted with result.
A couple purchased a property at the peak of the market in 2007 from Ocean View Developments. They approached EU Property Solutions when they had missed numerous mortgage payments with their lender. The property was up for repossession through the Spanish Courts which would have prolonged the matter unnecessarily. In the first instance we ensured the property was not repossessed and in the Court process.
Secondly we opened dialogue with the Spanish Bank and advised our of clients dire situations. The Bank agreed for the property to be sold at €260,000 and this resulted in a mortgage shortfall of €340,000 for which the couple where joint and severally liable. Through our extended negotiations and efforts a full and final settlement was agreed at €30,000 – an incredible saving of €310,000.
Our advisors’ continue to work together to achieve these excellent results and we have some cases coming towards completion.
It gives me great pleasure to confirm Rado has arrived in the Costa Del Sol and is operating our office there. Despite only being there a matter of hours Rado was in the office arranging appointments with old and new associates alike as we continue to grow EU Property Solutions.
We now head towards Christmas and 2016 which looks even more exciting that this previous year and we are looking forward to assisting as many distressed borrowers as possible. If you want to discuss any European property debt issues then please call the team on +44 (0)330 1241230 to arrange your free initial consultation.