Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › CAM repossesions direct (email from Kyero) › Reply To: CAM repossesions direct (email from Kyero)
not really seems to be the same old process.
Bank set up agency, agency sells repo stock with F-all reductions.
Bank makes claims of 20/25% reductions, etc… cover the original sum of the mortgage on the repossessed property.
Bank might be kind enough to offer mortgage on that property, maybe even 100% and get someone else sucked in too paying them interest, etc…
THE BANK HAS NOT SET THIS AGENCY UP, IT HAS BEEN AROUND FOR YEARS IVE BEEN TO THE SHOP UNIT A FEW TIMES