Legal tip 1005. As funds come, dations need to be accepted by Spain Banks
Monday, August 12, 2013 @ 11:50 AM
International Investment Funds are coming massively to Spain now to buy bargain properties owned by Sareb, from 24th of July to 11th of August more than 800 million of euros have been spent by international investors in Spanish assets. A good oxygen for....... the Banks?
A good oxygen for people who were sold the crazy mortgages in the crazy years, so, in my opinion, this is a good reason for banks to restart accepting dations, specially if the remaining debt is similar to 60% of the auction value the property was given to when mortgage was being formalised.
Beach of "Los Alemanes", Zahara de los Atunes, Tarifa, Cadiz, Southwestern Spain, at Facebook.com