Spanish mortgage- Embargo, Spanish repossession
When there are monthly payments on arrears, usually, there the Spanish banks give 2 solutions to execute an unpaid mortgage: 1.- Public Auction – Embargo Once a determinate number of non-paid monthly mortgage payments occur, the bank sue the property in the Courts, and open a seizure process. In this moment, the costs of the […]
Legalization of constructions-extensions-update deeds
[vc_row][vc_column][vc_column_text]It is really common in practice that owners of properties, after acquisition, have made new buildings on their properties, or new extensions. For example, a pool, a garage, an outside kitchen or toilette, or a second floor. When this happens, it is necessary to legalize these constructions with a two main actions: Updating deeds, and registering […]
Horizontal division – Spanish Illegal Urbanisations
Horizontal Division in Spanish Urbanisations What Is Horizontal Division? Horizontal Division (“División Horizontal” in Spanish) refers to a legal structure in which different properties—such as houses, villas, or apartments—share ownership of the land on which they are built. This model is frequently used in urbanisations and residential developments throughout Spain. In this framework, each […]