I have made contact with a number of Spanish property sellers who want to urgently sell their properties,
I have made contact with a number of Spanish property sellers who want to urgently sell their properties, and are willing to take payments on their house over a long period of time – due to various difficult life situations. These are typically called “Rent 2 Buy” properties (buying a sellers home on monthly payments).
I have a couple of questions that I hope you can help with:
1) Can you tell me if the Title Deed transfers to the buyer, after the final payment for the house or is it transferred earlier in the contract with a clause that protects the seller as it does in France
2) Can interest be charged on the payments payed by the buyer to the seller?
I hope you can help me
When you purchase a home with a mortgage loan the lender generally prepares the various documents that need to be signed. The property’s seller will sign a deed, typically a warranty deed or grant deed depending on where you live, in the presence of a notary public. The deed states the names of the owners and that they are granting the property to you, the buyer. Once completed, the deed must be recorded with the county clerk. The original document should be sent back to you after this step.
2. It would depend upon contract between parties. And I think no one can charge more then 30%.
Everything you need to know about property in Spain
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