Banks and divorce

Information and questions about the Law in Spain and Andalucia.
Jool
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Banks and divorce

Postby Jool » Sun Sep 04, 2011 11:09 am

If you are a couple who co-own a house in Andalucia with a mortgage and the relationship breaks down and you cannot continue to live together are the banks sympathetic to you in terms of making any changes to the mortgage (like interest only) while things are resolved or the property sold?

sengmand
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Re: Banks and divorce

Postby sengmand » Thu Nov 24, 2011 6:38 pm

.
Last edited by sengmand on Sun Dec 16, 2012 2:41 pm, edited 1 time in total.

Jool
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Re: Banks and divorce

Postby Jool » Thu Nov 24, 2011 8:36 pm

Yes - I went to the bank on behalf of the individual and the bank´s response was
we can add the property to our distressed sale portfolio and website and offer 100% mortgage finance but only for the value of the mortgage and the costs associated, nothing more"
No other help was offered, no interest only deals, no stop on extra charges for late payments, big fat ZERO help unless it was in the bank´s interest alone, this on a property with only approx 50% mortgage on current market values.......

Money grabbing vultures who would pick the bones of their own mother is my opinion

Andalucia is supposed to be the area where community and family counts, yet that clearly does not include banks...............

Marina
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Re: Banks and divorce

Postby Marina » Thu Nov 24, 2011 8:53 pm

Which bank was it?

Jool
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Re: Banks and divorce

Postby Jool » Thu Nov 24, 2011 9:16 pm

Bancaja now Bankia as it merged with Caja Madrid - why?

Marina
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Re: Banks and divorce

Postby Marina » Thu Nov 24, 2011 10:22 pm

Just interested to know which banks are sympathetic to people.

Jool
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Re: Banks and divorce

Postby Jool » Thu Nov 24, 2011 11:35 pm

Do you know any that ARE sympathetic to people?

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Mowser
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Re: Banks and divorce

Postby Mowser » Fri Nov 25, 2011 8:07 pm

The bank that likes to say "Yer erse?"
Dave

barry
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Re: Banks and divorce

Postby barry » Fri Nov 25, 2011 10:54 pm

Two rules.

No money in banks.


Don't get divorced.



Simples!

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hillybilly
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Re: Banks and divorce

Postby hillybilly » Sat Nov 26, 2011 12:40 pm

One rule: Don't get married.

oliveview01
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Re: Banks and divorce

Postby oliveview01 » Sat Nov 26, 2011 2:59 pm

Hilly....your advice is 36 years too late for me. :(


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