Re: Re: Flash Mobs Thwart Foreclosures in Spain

#105430
Anonymous
Participant

@jonas wrote:

are you saying that they have to accept it by law???
I thought they were under no obligation to accept it, maybe I am wrong.

Yes, that it my understanding, under Spanish law if the conditions are met then it must be accepted. But as Katy says what is law and what is reality is very different.

But in your sister-in-law case they were under no obligation as the asset is valued less than the loan.