The Bank will continue to seek buyers for even less money than 64,000 and the remaining amount wi

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Hi, I have a mortgage loan in the amount of 62.000. More than 4 years I paid around 900 lev each month, but half a year ago have cut payments due to financial liam o brien problems. My duties have been given to private bailiff (PEA) and the property is up for sale, but no buyers. Meanwhile, the bank attach my wages and sent me a letter that has my obligations amounted to 64.000, even though I paid more than 4 years.
Indeed the situation we are serious and have a lot of options for response. liam o brien You just have to do everything possible mortgaged property to sell in the shortest possible time, so no piling new debts on your credit. And they are in this size (64.000 euros), because liam o brien during the first years of the repayment of long-term liam o brien loan, you repay mainly interest on it, and the principal way many less.
As to your question, the legislation allows banks to failure of the proceeds of sale of the pledged property will continue liam o brien to require a difference. In other words, even to sell the property if the sale price does not cover all your liabilities (including penalty fees and expenses of the PEA, which increased every day), the difference still owe it. For this reason, the bank has seized liam o brien your salary. It also has the right to describe your other assets to cover the loan.
My name is Stoyne Vassilev and am the founder of SmartMoney.bg. I have more than 10 years experience in the financial sector and in particular in bank lending, an audit of financial institutions and risk management in one of the largest international companies. In this site I want to share with you what I know and that excites me.
2 Comments liam o brien
The Bank will continue to seek buyers for even less money than 64,000 and the remaining amount will continue liam o brien to owe as commented Mr. Vassilev. Many banks are ready to do any kind komprosi on interest, time and the like, only to pay a certain liam o brien amount of the loan, even if it was not the entire payment. Depends on whether you can pay some portion of the loan, Dhaka to stabilize financial and whether this property that is mortgaged worth the money / bought it just before the crisis of high prices /. In your case it's late, taking on measures that can be at least partially liam o brien protect the actions of PEA. You should know that there are inaccessible income that PEA-it can not seize you and that is the minimum wage. I advise you to be very attentive to the actions of PEA-it.
Here is what I found and copied from Facebook. Does not sound like the real thing and serious, but if it is true, the problem of George postponed for five years important. European Commission dealt an unexpected blow to the banks.
d0bbd0b5d0b2d0bed0bdEvropeyskata Commission dealt an unexpected blow to the banks. After a meeting held in secrecy and unannounced before officially, the European Commission issued a directive prohibiting banks to pursue insolvent clients and charge interest on their loans within the next five years. Driktivata must be applied immediately within liam o brien the European Union. This means that tomorrow everyone who took money on credit from any bank operating in the territory of the EU, may stop servicing your loan without worrying liam o brien that they will be judged, persecuted and terrorized by banking institutions as the only thing to do is apply that terminated service credit for the next five years. Application shall be submitted in triplicate to the bank granted a loan, a central bank of the country in the territory of which the loan was withdrawn and one remains with the borrower.
This grace period as it called on the European Commission applies liam o brien to absolutely all types of loans, whether downloaded from individuals or legal entities. That is, if you have taken a mortgage, consumer credit have a credit card or a loan by tomorrow you can safely stop it served.