Repossession

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05 Feb 2009 12:00 AM by shenouda Star rating. 7 posts Send private message

I was told if I default on my Mortgage for two successive months they will start court proceedings to repossess the appartment.

Is that really true? Are they so intolerant and is the system so abrupt?

Can somebody enlighten me on the process in case of default.

Kind Regards,
Shenouda





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05 Feb 2009 12:23 PM by morerosado Star rating. 6927 posts Send private message

morerosado´s avatar

Hi, I posted about this recently in the Spanish banks board, look here >> Mortgage payment freeze: Over 35 Spanish credit institutions have signed an agreement !
 



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