No more pity for those who have mortgages. Order from the FROB to the inter...

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Spanish savings banks that are intervened or nationalized will no longer be able to negotiate with delinquent clients who do not pay their mortgages. The FROB has given an order to execute the eviction demands to the courts as soon as possible in order to have as soon as possible all the information on the real estate that the future 'bad bank' will have to dispose of At the end of last year, El Confidencial Digital advanced the creation of the figure of the ' delinquent mediator ' in the main Spanish financial entities, which offered debtors agreements to refinance their mortgages and thus prevent new seizures and increase their ' stock' of flats. Under that system, banks and savings banks charged amounts much lower than those stipulated when the mortgage was signed.

Specifically, in accounts that involved a monthly disbursement of 1,000 euros , they accepted payment of only 400 for a maximum of five years, or until the client improved their financial situation. Well, as this newspaper has learned, the savings banks that are intervened or nationalized will no longer be able to carry out this type of negotiation with Middle East Mobile Number List  their clients, since the FROB , owner of the majority of the shares of these entities, has given orders to execute as soon as possible the eviction demands for all those who cannot pay their mortgage. The sources consulted by ECD explain that "now these savings banks can only offer refinancing in those cases in which payment is certain , and in the rest of the cases they are proceeding with the eviction request.



The 'bad bank' will take charge of the foreclosed homes According to authorized voices from one of the intervened entities, the objective of this measure is “to have as soon as possible all the reports on the real estate owned by all the savings banks controlled by the FROB, so that the new 'bad bank' can take charge of those homes. seized and try to release them starting in December.” Furthermore, "since the last reform of the financial sector we are obliged to put the value of those assets that we do not give out as expenses , so we cannot negotiate any more for homes that involve losses and that hinder a sanitation that is possible with the withdrawal of these toxic assets to the new entity created by the Government for that purpose.”