Best way to rid of Spain properties

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This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of EU Property Solutions EU Property Solutions 1 year, 3 months ago.

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  • #187311
    Profile photo of DaveB
    DaveB
    Participant

    Hi all,

    Sadly like most I’m struggling to pay on the two flats I got in Spain in 2008 and in arrears.

    What’s the best way I can get rid of them at the moment in 2015?

    Are Dacion en Pago currently being accepted?

    If I was to be declared bankrupt in the UK would they be happy to take the flats as repossession or would they still come after UK assets?

    Any replies much appreciated.
    Thank you…struggling big time here!

  • #187338
    Profile photo of mh
    mh
    Participant

    “What’s the best way I can get rid of them at the moment in 2015?”

    This is an exceptionally easy question – lower your asking price.

     

  • #187356

    Hi Dave,

    I hope you are well.

    Please see below in response to some of your queries. I am more than happy for you to give us a call and I can speak with you and offer some advices on your situation. My contact number is +44 (0) 3301241230, http://www.eupropertysolutions.com or email is ki@eupropertysolutions.com.

    Are Dacion en Pago currently being accepted? – They are being accepted at present but totally at the discretion of the Lender and it all is dependent on the proposals submitted. We are fully aware of the process here and have had success on a number of cases.

    If I was to be declared bankrupt in the UK would they be happy to take the flats as repossession or would they still come after UK assets? – Do you have assets here in the UK? If yes, I would advise that Bankruptcy may not be best option for you here. In Bankruptcy the Trustee in Bankruptcy would have an interest in any assets and can look to realise equity in same..
    We are more than happy to talk you through insolvency advices.
    There are a number of options available to you here and we can talk you through same. We offer all potential clients a free initial consultation to discuss your situation in greater depth.
    We look forward to hearing from you.

    Karen Isaac
    EU Property Solutions

  • #187357

    Hi Dave,

    I hope you are well.

    Please see below in response to some of your queries. I am more than happy for you to give us a call and I can speak with you and offer some advices on your situation.

    Are Dacion en Pago currently being accepted? – They are being accepted at present but totally at the discretion of the Lender and it all is dependent on the proposals submitted. We are fully aware of the process here and have had success on a number of cases.

    If I was to be declared bankrupt in the UK would they be happy to take the flats as repossession or would they still come after UK assets? – Do you have assets here in the UK? If yes, I would advise that Bankruptcy may not be best option for you here. In Bankruptcy the Trustee in Bankruptcy would have an interest in any assets and can look to realise equity in same..
    We are more than happy to talk you through insolvency advices.
    There are a number of options available to you here and we can talk you through same. We offer all potential clients a free initial consultation to discuss your situation in greater depth.
    We look forward to hearing from you.

    Karen Isaac
    EU Property Solutions

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