Posts Tagged ‘can’t afford mortgage’

Handing back the keys – am I still liable?

Many owners of negative equity or unaffordable property in Spain who contact us advise that they simply handed back the keys to their overseas lender and walked away after the market collapsed. A significant majority believe this ended their overseas property ownership and debt – this is incorrect. As wronged as many feel they have…

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5 Biggest Mistakes When You Can’t Pay Your Foreign Mortgage

If you have a foreign mortgage that you are struggling to pay, don’t worry. Issues are easily solved when you approach them in the right way. Don’t make these common mistakes that can make your situation worse: 1. Hand Over the Keys Many borrowers simply stop paying their mortgage and leave the keys with the…

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