The foreclosure or seizure in the new Mortgage Law which, as we have already commented recently, is being processed by Congress, will be from 12 unpaid instalments or 3% of the loaned capital, in the first half of the life of the loan, and will be extended to 15 instalments and 7% in the second half.<\/p>\n
As agreed by the majority of the rapporteurs dealing with the new Mortgage Law, the early maturity clause of the loans has been extended from the 9 unpaid instalments (or 2% of the capital) contemplated in the bill approved under the mandate of the PP, to 12 instalments, and from the 12 in the second term of the loan (or 4% of the capital) to 15 instalments.<\/p>\n
However, United We Can have regretted that the new law continues to include this clause which, they say, is abusive and contrary to European jurisprudence.<\/p>\n
We can insist, that the percentage of non-payment to execute a property should be at least 10% of the capital, as is the case in Germany.<\/p>\n
The new law will foreseeably include a first transitory provision that establishes as a general rule the non-retroactive application of its provisions when there are final judgments, which -according to Podemos- could lead to tens of thousands of foreclosures that were paralyzed being reactivated.<\/p>\n","protected":false},"excerpt":{"rendered":"
The foreclosure or seizure in the new Mortgage Law which, as we have already commented recently, is being processed by Congress, will be from 12 unpaid instalments or 3% of the loaned capital, in the first half of the life of the loan, and will be extended to 15 instalments and 7% in the second […]<\/p>\n","protected":false},"author":3,"featured_media":10490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1451],"tags":[2104,1453,1455,2291,2290,2289,1282],"class_list":["post-10493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-desahucios-en","tag-mortgage-in-spain","tag-nerja-en","tag-real-estate-frigiliana","tag-real-estate-nerja","tag-real-estate-torrox","tag-torrox"],"yoast_head":"\n