Understanding what an NPL is
Non-performing loans, also known as NPLs, are loans that have become an issue for the bank because the borrower has stopped making the payments.
Many mortgages have this issue in foreign countries, and it becomes an issue to lenders as it can weaken the bank’s profitability by generating massive losses. As a result, many NPLs are sold to vulture funds, which work to recover the debt.
How NPLs affect foreign property owners
Because of bad advice, many foreign property owners handed back the keys to their dream holiday homes and walked away, thinking the debt would never appear again. Unfortunately, this wasn’t the case, and now, many borrowers are facing considerable debts in their home countries.
Many banks have now turned to vulture funds to recover debts, and recently, Axactor acquired over 459 million euros worth of NPLs from Santander. Other vulture fund names include:
| Procobro | APS | Tilden Park |
| DoValue | B2Capital | KKR |
| Skycac | Themis | PIMCO |
| Altamira | CAC Coral | Cerberus |
Tackling your NPL debt today
Although dealing with aggressive vulture funds can be intimidating, it is crucial that you deal with it head on, and EU Property Solutions is on hand to help you do just that!
We have worked with hundreds of clients in resolving NPL cases and helped our clients reach a settlement to draw a line under it once and for all. You can visit our YouTube channel to see testimonials from our clients.
Take back control today and deal with your non-performing loan today by calling our team on 0330 124 1230 or emailing [email protected] to book your free initial consultation.
