Tag

LEGAL
This Sunday, Law 5/2019 of 15 March, which regulates real estate credit contracts, came into force. This entry into force means that this law will apply to mortgage-backed loan agreements signed as of yesterday.
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Last Wednesday, the CMS of Judicial Recovery was held, an annual meeting that gathers together a large a diverse number of the professionals of this sector: financial institutions, investment funds, servicers, court agents and, of course, companies like LEXER, specialised in the management of proceedings focused on judicial recovery.
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Given the importance of the European Court of Justice’s ruling on early termination, we have drawn a series of conclusions in view of the two main scenarios that are being considered, presented in two ways.
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Since the onset of the economic crisis, the number of foreclosures has been increasing exponentially. So much so that, in order to protect the interests of property buyers through a mortgage loan, the legislator has been regulating the requirements necessary to proceed to foreclosure. The first major reform protecting the rights of debtors was introduced...
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On December 11, the report on the Law regulating Real Estate Credit Contracts, better known as the “new Mortgage Law”, was submitted. From Lexer we analyse the content and the changes that are coming in the contracting of mortgage loans.
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