Posts Tagged ‘Negative Equity’

SELLING IN NEGATIVE EQUITY-WHAT TO DO?

A regular phrase EU Property Solutions hear in our work is that individuals refer to themselves as “mortgage prisoners”. They believe that as they have negative equity they have no option but to continue to pay the property mortgage and continue property ownership. Believing that selling in negative equity is not an option. EU Property…

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THREE SPANISH PROPERTY MARKETS

EU Property Solutions specialize in Spanish Property Debt issues and following recent observations we have identified three separate property markets in the country. Small level local property market. This market revolves around Spanish communities and towns you would consider being home for local Spanish citizens. This market is separate to the market EU Property Solutions…

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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 Top Tips for Renting Your Holiday Home

                  Due to busy home and work schedules, the time spent at your holiday home tends to be shorter than you’d like. Whether it’s in sunny Spain or picturesque Portugal, having a holiday home is a great way to feel comfortable while you’re abroad and do things…

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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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Lost Deposit Reclaim in Spain

EU Property Solutions consistently have enquiries from clients with horror stories about lost deposits paid on developing dream homes in Spain that never materialised. An area of major concern has been the Costa Del Sol, where during the property boom between 2004-2007 off plan developments were abundant. HAVE YOU BEEN AFFECTED? If you lost money…

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Your Foreign Mortgage: What Happens If You Don’t Pay?

  If you don’t pay your mortgage overseas it is likely to have the same consequences as if you didn’t pay your mortgage in your home country. Some with mortgage debt in Europe hope that it will not follow them to the UK or Ireland. However, this is incorrect, and the foreign lender can legally…

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Spanish Negative Equity Solution – The Process

From our experience every case regarding Spanish negative equity is different. Everyone’s circumstances differ, and no case is identical in what we do. Nonetheless, there is a process EU Property Solutions follow to ensure we can deliver the best service and most importantly best result for our clients. Below is EU Property Solutions step by…

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