Loans and Housing

Speaking of construction in Spain is like talking about a friend who has betrayed us. This sector was the primary source of income after tourism.

For years, the construction sector in Spain has been the driving dela economy. Entire neighborhoods projecting Sellegaban parks, street lighting and before having sold a single property. The house price reached values ​​much higher than reality, a fact not seem to matter to buyers or their funders.

The forecasts were not announce a decline in sales, so the speculation went on. The properties thus became a source of investment in convertible into cash easily.

However, things changed and the outbreak of the crisis has led to the slump in home sales. This has caused many people to have a collection of real estate without cash, and, worse, people will lose their house to maintain a debt default.

For these people it is extremely difficult to find financing through traditional means. Banks and savings credit only accept people who can provide a fixed income security. In addition to this we must add the waiting time of feasibility studies, which may extend over a month.

For people who require urgent money or money faster and not have a salary or fixed income there are solutions. Unlike private banks, some financial institutions offer emergency loans through the mortgage. Known as private equity investors accept such real estate as the only requirement. They do not give importance even membership of ASNEF delinquent registration.

This is an opportunity for persons who have resources, have no cash and need time to find alternatives. Also appropriate to exit or cancel delinquent lists debts.

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