Mis-selling Spain (2004-2008)
Monday, December 6, 2021 @ 11:35 AM
Do you think that you have been mis-sold a Spanish Property?
If you obtained a mortgage in Spain between 2004 and 2008, you were undoubtedly mis-sold the mortgage by today’s standards – for sure.
A lot of people in this situation were interested in buying a property at that time but were subjected to unscrupulous methods undertaken by:
- The developers.
- Their agents.
- Notaries.
- Mortgage Brokers.
- The Banks.
Can you get compensation, write-offs, or any other Court award? Unfortunately not!
Yes what happened was 100% wrong, and yes it was unfair, but in 99.99% of the cases, the Courts will find that there is no case to answer. People who have attempted to get what they see as justice, have spent tens of thousands of Euros and years of their life, fighting the Spanish Courts.
A lot of these Spanish property cases are 'not fit for purpose'.
This representation of the Court system may seem rude or harsh, but on the ‘flip side,’ it applies to Banks and their actions. Typically, a repossession case takes four years to complete and in various meetings with high-level Bank officials in Spain, they echo our ‘not fit for purpose’ claim, in terms of the Courts.
That said there are other routes, plans, and solutions to deal with the disposal of holiday homes in Spain and getting rid of a troublesome mortgage.
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