Reply To: Walk Away

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Anonymous
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Another thought. If Banks are selling repossessed properties, will there, according to Spanish law, be an outstanding debt on the property which the new owners will be responsible for, especially if the banks are not able to get the required price to clear the mortgage debt?

It could also be possible that other debts could be outstanding on the properties that people just walk away from. e.g. HP on furnishings, credit card bills etc.