Banks can take off another property More If you do not pay

Terrible, no? In addition to the floor can take your other floor, or parking space, or ask you to guarantees to the floor of your parents ... If your floor drops by 20% over the appraised value at the beginning the bank can compel you to endorse the loan to another property.

Thus a default before the bank would get a floor that is worth less than it paid on the mortgage. In fact it will be much more, almost double.

It is a measure to check out completely to the consumer and may provide resources to banks in times where these are missing because of the shenanigans that they comment.

This is a law with almost 30 years that banks have used but seeing only the bad times ahead will have to go carefully.

Because if banks begin to use it we would find that people would say I'm going to sacrifice? come man.

To see my apartment cost 50 million pesetas, I spent 2 more notaries and taxes. Now my flat worth 40 million. Then I will stop paying the mortgage. I'm living 2 years on the floor while I throw it and as I wait for prices to fall further and bought a larger apartment and 35 million within those 2 / 3 years. Ale.

I would say that this part of the mortgage law seems quite unfair in the sense that the bank can take away much more than you gave. But not for now the World is published daily as if a new law trying to confuse people in your life is bad mantra that the PSOE.

In short, regrettable as it is journalism.