September 7, 2012 at 6:50 pm #57056
We have our mortgage with CajaMurcia, now known as Banco Mare Nostrum. What does the above mean for us, nothing and therefore ignore it or keep calm and keep going?
September 8, 2012 at 3:53 pm #112101
It doesn’t change your situation, I’m sad to say.
The only thing that would help you is a change in the law or any deal you can negotiate with the bank. If your lender goes under you have to keep paying your mortgage as you loan would become the property of your bank’s creditors. Sooner or later they would catch up with you I imagine.
September 9, 2012 at 6:06 pm #112112
Thanks for the reply Mark. We’re still paying the mortgage but the account numbers have changed where we pay into to be for Banco Mare Nostrum.
We’d love to have the option of Dacion en pago but it’s not an option because the bank have my father in law as guarantor and he’s not in great health as it is. Taking him down for our 108k debt wouldn’t go down well with the rest of the family.
We just hope that maybe there is a law which comes in to be fairer to all, why should so many others be able to hand their keys back. We understand that it’s a serious thing, being made bankrupt, and not something to be proud of. But why does it have to be for life in Spain, so that my husband would be bankrupt in his own country for ever more? If we could have five years say to try to start again?
I voted for the PP but I don’t hold much hope, they’ve just gone and allowed bull fighting back on tele so they are just in it for their own gains and not for ‘the people’. There are a few of my husbands friends in the same ‘avalista’ boat…all young spaniards who are in a daily struggle to pay mortgages or else the bank will evict parents from the family home. It just makes me really angry. They over valued the flat to steal from us, why can’t a European law or something go through certain cases like ours and enable us to stand up to the banks? The banks just get cash handouts but they don’t hand any over to us. If they offered an option to walk away we’d take it in a flash, we’ve paid through the nose for the place but we just want out. The trouble is the bank don’t want our flat….. and don’t they know that no one else does either!
I’ve also seen something from Reuters I think it was that maybe Banco Popular (which was Banco Andalucia?) might buy into Banco Mare Nostrum.
Are they trying not to become ‘the bad bank’??
December 23, 2012 at 4:32 pm #114210
Missed this from a week or so ago.
So, it basically means that our mortgage is now half owned by the Spanish Gov. or Brussels??
December 23, 2012 at 5:49 pm #114212
Sorry, my Spanish is not good enough to comment.
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