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Escaping a Debt in Spain

Case Study

spanish property debt

Backstory

Our clients owed €290,000 on the mortgage, but the property was only worth €90,000. They also faced unpaid community fees of over €18,000, and the risk of creditor action loomed. Our client and his friends, who he shared a mortgage, hadn’t made a mortgage payment in over 6 years, and the stress of the aggressive debt collection was taking a toll.

The turning point – EU Property Solutions steps in

Our client and his friends concluded that they could no longer live with the uncertainty, and they contacted EU Property Solutions in 2019 for help.  

The team got to work immediately creating a plan using our knowledge of Spanish lenders and local property law, whilst ensuring costs were kept to a minimum.  

A fresh start: debt-free and relieved

The result?

Our team quickly communicated with the lender, and the property was auctioned off. The entire group was discharged from their €320,000 debt, and their €18,000 community fee bill was also written off. 

For our clients, this was life-changing. After years of feeling trapped, they could finally move forward debt-free. 

Find your path to financial freedom

If you are struggling with property debt in Spain or elsewhere, you are not alone. We understand how isolating and overwhelming it can feel when financial commitments seem impossible to manage. There are always options and EU Property Solutions has helped hundreds of clients by providing expert advice and support to help each one achieve financial freedom.  

Take the first step today by contacting us on 0330 124 1230 or email us at [email protected] for a free, confidential consultation.  

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