The unpaid mortgage loans watched by telematic teams
28.06.2008
The financial institutions have said “BASTING“ to the slowness. This valuation has experienced also a tendency to the rise that it is sinking moreover to the Spanish economy.
Gregorio Mayayo, president of the Spanish Mortgage Association (AHE) has indicated that the doubtful collection credits will close the year in 2 %, opposite to 0,717 % that experimented at the end of 2007. The difference is very notable. According to Mayayo, “the crisis, which intensity and duration are unforeseeable right now, will have as a result that the difficulties of the mortgage market continue at least this exercise and the next one.”
The increase of the slowness has been a fruit of the increase of the price of the money. The families and the individuals who hired his credits when the types were lower (between 2004 and 2005 fundamentally) are those who more have turned out to be affected. They have experienced a growth of his monthly quota 20 % with regard to what they were paying when they requested the mortgage loan.
To be protected, the savings banks of numerous Spanish points, like Alicante, have begun to use special teams of telematic action to discover a client who has a non-payment. The idea is to remind his state to them but without provoking burdens in this one.
This procedure only develops in “cases of extreme need”, when the mortgaged one should many quotas.
The above mentioned initiative has been a fruit of the recommendations of the Spanish Bank to encourage the agreement between client and banking institution, since everything points that the slowness valuation in the mortgages will continue repuntando in the next months.
Route: Europe Press
Comments
Something on that to comment?
