de-faulting on spanish mortgage
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sorry if this has been asked before but at the end of my tether with my property.I have been unable to sell my property (yep I am sure you have heard alot of this),but now considering walking away righting of a large loss but saving the monthly mortgage.How do I stand?it is a spanish mortgage obviously secured on the property.I have heard of people walking but was unsure just what would happen in the long run with the bank.I am unlikely to visit the property anytime soon and dont relish paying for it for another 20 years.Anyone know where I stand?
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