The Government is preparing a report on the impact it can have the payment in the bank, the return of property to pay off a mortgage, on the financial system. Foreclosed on a formula imported from U.S..
thus recorded in a written reply to question the deputy ERC-IU-ICV Nuria Buenaventura in which requests the Executive his opinion on a ruling of the Court of Navarre, dismissing the appeal of a bank against a prior conviction, that there was no place to pursue enforcement proceedings after the bank foreclose on the home warranty loan.
The government's response explains that the adoption of payment in kind would have to be analyzed before a number of factors, such as the fact that it would have a direct impact "very deep" on the English financial sector ( especially in the mortgage market), by reducing the value of the collateral property in Spain, "traditionally very qualified to include real and personal security."
Source: The Economist
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