06 Dec 2011 12:19 PM:
Firstly I have to challenge the poster who calls the banks bullies, the money they lend is not their own and they have a duty to ensure it is taken care of. That said some banks here where less than careful when handing out mortgages in the past, they are paying for their folly now, so too are the overseas buyers who willing excepted mortages they could not really afford. Many "buying" villas, sometimes as second homes, when a small apartment was more to their pocket.
I think anyone who walks away from a foreclosed mortagaes must in all honesty expect to buy the price at sometime. We take advantge of the freedom to move around the EU then some complain and seek escape routes from a "common market" when in financial trouble. Would you expect to walk away scot free from an unpaid debt in UK?
In this particular case I have to ask how a UK bank gave another mortage to someone who was in effect personally bankrupt?
Whilst I sympathise with the fact that this is a stressful situation for anyone to be in I cannot condone any attempt to avoid paying a debt that is owned and is quiet legally being called in.
I am sure there will be a number of replies that raise the issue of illegal dealings here, however you cannot condem it on the one hand and condone it on the other.
This message was last edited by pres on 06/12/2011.
This message was last edited by pres on 06/12/2011.
Thread:
My Partner has a foreclosure notice on a property in Spain. She lives in the UK
--------------------------------------