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Iberosphere

News, comment and analysis on Spain, Portugal and beyond

spain law

Avoiding the risk of Spanish property embargoes

September 18, 2012 by Ábaco Asesores Leave a Comment

Unpaid bills can lead to homes being embargoed

Let’s take one particularly disturbing example of what can happen. Mrs Jones is a non-resident who used to own a property in Spain. In July, unknown to her, it went to property auction and was sold to a third party for a price of less than half its value. The reason? She had failed to pay her I.B.I (council tax) bill and combined with fines and interest she owed €1,700. What was perhaps even more worrying was that Mrs. Jones hadn’t a clue what was happening as she had not been in Spain to receive her mail and there was no one available to check her post box. The other means of informing her of her debt also passed her by. The Boletín official del estado is a list of debts and other … [Read more...] about Avoiding the risk of Spanish property embargoes

Filed Under: Expats, Spain Expat Tagged With: homes in spain, property embargoes, spain law, spanish property, spanish real estate, spanish residency

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