The Europe

If there is no buyer, the financial organization can adjudge it by half of its value of exit and this one is the unique quantity that is reduced of the debt. The rest, the buyer has to follow paying it, with its interests, for which, the organizations can resort to the embargo of the rest of their goods and income. Nevertheless, this legislation it is the general norm in all Europe, although each country has certain particularitities. Hypothecating models the USA. Dacin in payment that yes exists in the country it is in fact one recovery of the good, because the original foundation of its hypothecating system – of its enormous diversity it is more there that the building is a guarantee on the loan and the client only becomes owner has paid when it. If it does not pay, it does not remain the house and resolute subject. But they could even go further on: in the present situation and the unpaid crescents, it has been gotten to study that it gave 15,000 Euros to give the house that no longer can pay, according to published Expansion.

Preservative Europe. Belgium, Germany, France, Greece and Holland are the countries in which it is continued betting more by the fixed types of interest. Although they have different particularitities, respond to a model that bets by the stability: strict conditions on income and level of financing for the concession of the mortgages. The bet also is to shorten the terms to the maximum: mortgages in the surroundings of the 20 years of duration. The Europe of the risk. Spain is member of the group of those who has the greater level of penetration of the mortgages to variable type of interest, next to Finland, Portugal, Luxembourg and Malta. Generally, also they share one more a longer duration of the mortgages, around the 30 years.

In fact, in Spain they have been gotten to grant until a 50 years of duration. Also the conditions that the organizations protest for their concession are less demanding: more risks in exchange for more activity. In fact, Financial Times finishes publishing that in Spain already they have returned the credits easy to give exit to the buildings that the banks have remained by the non-payments. The machinery again seems to have started up. Source of the news: Hypothecating debate: would have the house to settle the credit?

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Thursday, September 20th, 2012 News

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