Mis-selling Spain (2004-2008)

2021-12-06

EU PROPERTY SOLUTIONS- EXPERTS IN ALL SPANISH PROPERTY ISSUES!

This blog will be focusing on the mis-selling that went on in Spain between 2004-2008. Do you think that you or one of your clients have been mis-sold a Spanish Property?

If there was a mortgage obtained in Spain between 2004 and 2008, you were undoubtedly mis-sold the mortgage by today’s standards – for sure.

A lot of people in this situation were interested in buying a property at that time but were subjected to unscrupulous methods undertaken by:

  • The developers.
  • Their agents.
  • Notaries.
  • Mortgage Brokers.
  • The Banks.

Can you get compensation, write-offs, or any other Court award? Unfortunately not!

Yes what happened was 100% wrong, and yes it was unfair, but in 99.99% of the cases, the Courts will find that there is no case to answer. People who have attempted to get what they see as justice, have spent tens of thousands of Euros and years of their life, fighting the Spanish Courts.

A lot of these Spanish property cases are ‘not fit for purpose’.

This representation of the Court system may seem rude or harsh, but on the ‘flip side,’ it applies to Banks and their actions. Typically, a repossession case takes four years to complete. In various meetings with high-level Bank officials in Spain, they echo our ‘not fit for purpose’ claim, in terms of the Courts.

That said there are other routes, plans, and solutions to deal with the disposal of holiday homes in Spain and getting rid of a troublesome mortgage.

If you or anyone you know is struggling with a problematic Spanish mortgage, get in touch with our team at [email protected] or call us on 0044 330 124 1230!

Don’t forget to check out our YouTube page for the most up-to-date information & advice from our team. Click HERE to watch.

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