
What Are Non-Performing Loans (NPLs)?
2 May 2023
If you’re wondering what an NPL actually is – then you’ve come to the right place. NPLs stand for non-performing loans. A standard loan becomes an NPL when borrowers stop...
Read Full Story5 January 2023 • 2 min read • by Tom Miskelly
In previous blogs, we have looked at what loan sales and vulture funds are. But you are probably wondering why do they actually happen?
In short, Banks are starting to face their issues. Banks are currently faced with a number of different aspects that are driving loan sales. This typically sees them selling debts of unsuspecting property owners to these vulture funds.
1.) They are getting a lot of pressure from their Central Banks, such as the Bank of Spain, which is directing them as to how they must conduct themselves.
2.) There is still a lot of legacy debt left over from the 2008 Financial Crash, which banks need to recover.
3.) The banks want to free up funds on capital because, very often, this is not the best debt they can carry on their books. Loan sales, in turn, help them tidy up their balance sheets, and they can also get on with what they are supposed to do, which is be a bank in their own country for their own people.
EU Property Solutions have seen a huge increase in enquiries from people who are sent threatening letters from foreign banks. We advise those in this situation to take action immediately, especially if there is a negative equity property involved.
Banks don’t give notice as to when they are looking at a loan sale. They can be brutal in their attack, and they are far more aggressive in their approach. If they are going to come after you – they will come after you; they will look to get their pound of flesh.
Vulture Funds are completely different animals. Therefore they have a completely different agenda, they are far more aggressive in their approach.
Furthermore, if you have contemplated resolving a Negative Equity issue, wherever it may be, then get in contact with our specialist team today.
2 May 2023
If you’re wondering what an NPL actually is – then you’ve come to the right place. NPLs stand for non-performing loans. A standard loan becomes an NPL when borrowers stop...
Read Full Story26 April 2023
Here at EU Property Solutions, we have received an influx of enquiries from ‘previous’ foreign property owners who have been sent a foreign letter from a fund called Axactor. They...
Read Full Story21 February 2023
We strongly value our clients’ feedback on their experience with EU Property Solutions. We asked a recent client a few questions to help you understand their journey in battling a...
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