30 Jan 2009 12:00 AM:
I bought three investment properties in Spain and I have 70% mortgages on all three. Two are with Solbank and the other is with another bank (Caja Rural or Bancaja)
I now find out that the properties have never had a licence so I am looking to have to sell at 50% of purchase price (negative equity). Should I have been given mortgages in the first place for places with no licences?
Can I just hand the keys back and not have any come back?
Can I claim my deposit back from somewhere?
I understand from a times newspaper article that Patrick Cassidy, and his wife, Joy handed back the keys to the bank because of what appeared to have been irregularities in the way he was sold the mortgage.
Any help much apreciated.
Thread:
COSTA DEL SOL ACTION GROUP
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