The world of mortgages is experiencing a real earthquake since last week the Court of Navarre shall issue an order allowing people drowning in debt could pay off the outstanding payments of housing through the delivery of the property. The car has caused a strong social debate because that formula already exists in other countries like the U.S.. In any case, experts have said over and over again these days that the sentence does not feel that case law and therefore can not be applied to other citizens in similar circumstances. In fact, the Minister Salgado said changing mortgage rules would hurt the financial sector. BBVA, the entity involved, asked to cancel the order. Fitch believes that “contravenes” the Spanish mortgage law and the delivery Mood’ys floor in exchange for the mortgage contradicts the law. The question hangs in the air is: Does BBVA chance to knock the car?. How it affects the car to mortgage holders?
INVERTIA, in order to dispel doubts arising from this decision and help the current mortgage holders to go through financial problems, will be open from today until next Monday, February 7 (inclusive) a DOCTOR ON MORTGAGES. Responsible for responding to user questions will be Francisco Lopez, a lawyer, a graduate in banking and master in legal advice. Also, Lee is an expert in banking and consumer affairs director for litigation counsel in banking and consumer rights. And also is an expert and editor of the web of banking products Bankimia.
The questions and answers will be through this new blog. To submit your question does not need to be registered in Invertia but only to make a comment on the post located below this text. All comments will be published automatically and answered daily. In addition, all content is monitored by the content team Invertia.
