Month: January 2011
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Some hope for Spanish home owners in mortgages arrears
The Court of Appeal in Navarra issued on the 17th December of 2010 a Judgment that is raising hopes and expectations for home owners of Spanish properties that are today in mortgage arrears. Any person entering into a Spanish mortgage responds with all his personal assets for the payment of that debt. This means that,…
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Judge awards compensation to a purchaser of an off plan property
I have read in the Spanish press an interesting article that may bring some hope to those who have purchased a property off plan in Spain and found that the property was not entirely what they were promised. The Judge in charge of Court number 2 in Bilbao has issued a Judgment against a developer…
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About the Spanish “swaps” in the banking practice
Photograph by www.freefoto.com “Swaps”. Perhaps not a word that would mean much to the people who live outside Spain but the truth is that this is a hot topic right now in the Iberian Peninsula. The reason, as always, has something to do with the banks. In this case, the word “swaps” refers to…