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Mortgages on illegal properties: is it Bank risponsable?

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30 Sep 2016 8:37 PM by mariadecastro in Algeciras (Cadiz). 9419 posts Send private message A thinking after finding some excellent Court Decisions by Appeal Courts (Burgos is always great on protecting consumers rights of off plan buyers): Nullity of sale due to lack of consent by the buyer as he did not know or knew wrongly on important features of the property BRINGS ATTACHED the nullity of the mortgage loan that the buyer took for that purchase. Effects: According to Civil Code ( art. 1303) : effect of nullity is retroaction of contract exchanges to the moment previous to the signing of the contract: refund of all paid amounts plus legal interests _______________________ Maria L. de Castro, JD, MA Lawyer Director www.costaluzlawyers.es 1 Like Spam post or abuse? Please let us know

The Comments

30 Sep 2016 8:37 PM by mariadecastro Star rating

in Algeciras (Cadiz). 9419 posts Send private message

A thinking after finding some excellent Court Decisions by Appeal Courts (Burgos is always great on protecting consumers rights of off plan buyers):

Nullity of sale due to lack of consent by the buyer as he did not know or knew wrongly on important features of the property BRINGS ATTACHED the nullity of the mortgage loan that the buyer took for that purchase.

Effects: According to Civil Code ( art. 1303) : effect of nullity is retroaction of contract exchanges to the moment previous to the signing of the contract: refund of all paid amounts plus legal interests

_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

1 Like

Spam post or abuse? Please let us know

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