Housing and Real Estate

When none of the above measures have been successful, getting rid of the house is one of the few options left and you have to do it the way most advantageous to the holder. If the entity accepting the payment in kind, would keep the floor and the debt would be repaid. It is very difficult to do, but not impossible, and you can always try, although the chances of success are very remote.

Once the organization understands that they can not collect the remaining money in the future, may withdraw and accept the house as payment. This can happen when there is no guarantor, if the debtor has no payroll and it’s hard to take it back or when you want to go abroad for good. The judicial process may be more expensive than the money the bank would.

Family bankruptcy

This procedure allows a particular judicial halt payments, interest payments and the execution of the property. New terms are negotiated with creditors so that it easier to return the money. However, although the results can be very positive, is not an easy or free of charge. Besides accompanied by a lawyer, has to present a series of documents whose production is not easy, so it is often necessary to have legal advice. In any case, you pay the debt, even with better conditions.