12 Aug 2009 12:00 AM:

Hi There

Can anybody advise me how much  spanish property has dropped since september 2008 to date?

Thanks in advance

Thread: % Spanish Property Drop Since Sept 2008

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04 Aug 2009 7:57 PM:

I cant for the life of me work out on  web site kindly posted by Maria in her previous post,  if the property title is in my name or the Banks??

Anybody able to point to the correct page of this web site?

Many Thanks 

Thread: Dacion en Pago Query!!

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23 Jul 2009 7:24 PM:

Thanks Maria

Anybody got any guidance or tips on how to use this web site?

Many Thanks

Thread: Dacion en Pago Query!!

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22 Jul 2009 8:25 PM:

Thanks for all you replies.

We had the propery valued by somebody the bank recommended before we requested a daciaon en pago. It was valued at 178,000.00 Euros with the Mortgage being 128,000.00 Euros.

I have a copy of what our joint owners had given at the Notary which is obviously in Spanish. I will have to get this translated I guess to check the content..  Something we obviously should have done soon as they come back from  signing what we thought was the dacio en pago!

Anybody any ideas of where we can get this translated?

What is the best course of action here to establish:-

A. what we have actually signed and if not a dacion en pago

B.  pursue achieving a dacion en pago (if we havent already  signed for one) before its too late and the property possibly gets re-possesed.

Is there a way of checking the title to check if its in the banks name or ours?

Many Thanks

 

Thread: Dacion en Pago Query!!

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21 Jul 2009 12:00 AM:

Hi there

I have posted this in legal and spanish banks catergories so apoloisies for this but need to get as much advice ASAP.

We recently completed a Dacion en Pago in March and have still been having letters from the mortgage company which are advising us we are over drawn etc etc.  We have had confirmation via e mail in May from the bank manager that we were in peace with them!

However following numerous letters since i have  emailed them a letter asking for them to confirm the current situation as we are very concerned. The response today was as follows:-

As you can understand these letters are not coming from the Branch in Campoamor, they're automatically generated in Madrid. You left the power of attorney and the keys of the property, but it does not mean that the property is sold and the mortgage is already cancelled. I understand you're concerned for the letter you receive but it takes time to get out from this situation. We're not calling or sending you lawyers to require payments, because we accepted to try to sell it before it went repossessed, you know how is the economic situation all around Europe, it's not easy to find buyers, you have to be patient. And always bear in mind that the decision to buy the property and sign the mortgage has been taken by yourself, you have to be ready to accept the consequences.

I thought a dacion en pago cut you free of the mortgage and any debt??

Can anybody shed some more light on my sitaution and/or provide me with any advice??

Just to add our mortgage monthly payments have stopped!!

Many Thanks in advance.

Thread: Dacion en Pago Query!!

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