Important news regarding repossessions in Spain, the Spanish Law for Repossessions breaks with the European Regulation.
A Sentence of the European Court of Justice (TUE) has declared on the 14Th of March 2013 that the Spanish Law for Repossessions breaks with the European Regulation for Customers Protection.
This means that the repossession Law in Spain (Ejecución Hipotecaria) is incompatible with the European Directive about Abusive Contract Clauses and it does not protect customers because it promotes the loss and eviction of the property without giving the owner/customer/debtor the choice to protect him/herself through an opposition procedure against the repossession procedure activated by the bank/creditor.
Spanish Law for Repossessions breaks with the European Regulation.
