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having a debt in spain

  • 07-06-2012 4:51pm
    #1
    macf
    Registered Users, Registered Users 2 Posts: 11 ✭


    if I stop paying my spanish mortgage can any potential debt be pursued here in ireland and how would it affect my credit rating there? the property has a mortgage less than its value but legal fees could add up


Comments

  • #2
    am i bovvered
    Registered Users, Registered Users 2 Posts: 1,102 ✭✭✭am i bovvered


    ???
    If the mortgage is less than the value, why don't you sell, pay off your debt and move on.


  • #3
    macf
    Registered Users, Registered Users 2 Posts: 11 ✭macf


    thats exactly what I'm trying to do but there are so many bargain repossessions available to buyers it could take time which I don't have


  • #4
    dudara
    Registered Users, Registered Users 2 Posts: 33,518 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


  • #5
    Caseywhale
    Registered Users, Registered Users 2 Posts: 170 ✭✭Caseywhale


    Ask a solicitor, but I do know someone who did this and they cant be touched.
    Your situation might not be the same though


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