03.22.19

Portuguese Government

This is the legislation in some countries of Europe and the rest of the world: Greece. Until 2009, the Greek legislation on evictions for non-payment mortgage was similar to the Spanish, not contemplated the dation in payment. The Social Democrat Government of Yorgos Papandreu adopted a moratorium, effective until 2013, that prevents banks expel unpaid mortgage tenants of a House if it is your primary residence and is less than 200 square meters. Portugal. There is no dation in payment. More than 150,000 families are in a situation of non-payment of their mortgages and banks have announced their results for this year strong allowance for credits in backwardness and renegotiation with beneficiaries. The Portuguese Government announced measures this year to facilitate owners in default may renegotiate its debt and inhabit the property on payment of a rent. Italy.

The legal system in terms of mortgages is the same as in Spain, but a decree-law of 2008 suspended evictions to families that had revenues of 27,000 euros per year or less. However, Italians have not be mortgaged as much as Spain. France. Evictions are unusual. They usually grant loans not mortgage loans, and real estate with what property does not endorse the loan, but that the borrower pays insurance to the State to make this charge of letters in certain cases, such as the loss of employment.

In addition, in case of losing the ability to pay, the affected party can resort to the Bank of France, which will act as an intermediary. Germany. When a person can not continue to meet the quotas of a mortgage bank proceeds to cancel credit and demand the total return of the same immediately. The embargo can be avoided or at least aplazars if the debtor agrees to pay the debt within a period of six months. The last resort is to proceed to a public auction of mortgaged property.

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