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06 Jul 2010 8:01 PM:

Help

We have for the past 3 months been going through the Dacion En pago procedure. Our property was valued some 15k above the outstanding mortgage. Today I have recieved a response from our bank as follows. En relacion a su Dacion en Pago sobre vivienda hipotecada a favor de nuestra entidad, le comunicamos que Ha sido denegada en la situacion actual. La aceptacion de la dacion en pago es potestativa del banco y se autoriza de forma muy restictiva y preferentemente sobre viviendas. nos pnemos a su disposicion para cualquier otro planteamiento que quiera realizarnos .Atentamente.

After  crude translation i believe it has not been granted, is this the end of the road for us with this procedure?



Thread: Dacion el pago - handing back the keys

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