Posts Tagged ‘debt write off’

Why Do We Talk About Negative Equity?

Are you questioning if you are in Negative Equity and don’t fully understand the meaning? Not to worry – this is completely understandable. In less complex terms: Negative Equity occurs when the current loan or mortgage balance secured on a property is higher than the current market value of the property. An example of this…

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La Manga Strip – Complete debt write-off

A couple appointed EU Property Solutions, their property on the La Manga Strip was causing them a headache. Declining rental income made the property an undesirable investment and property was in Negative Equity to the region of €15,000 but if you included sales costs the figure was closer to €30,000. Furthermore, given current market conditions…

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Full Mortgage Write Off in San Luis Sabinillas, Malaga

A retired couple from Nottinghamshire approached us with their holiday apartment in San Luis Sabinillas, near Duquesa on the Costa del Sol. They had a mortgage outstanding of €170,000, with the property being valued at €159,000. The monthly cost was €90 – but the issue here was this product was sold on an interest only…

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