<\/p>\n
| Let\u2019s suppose that you have a debt of<\/td>\n | – \u20ac150,000<\/span><\/td>\n<\/tr>\n| The house goes to auction and is sold off for<\/td>\n | + \u20ac90,000<\/span><\/td>\n<\/tr>\n | You are left with a residual debt of<\/td>\n | – \u20ac60,000<\/span><\/td>\n<\/tr>\n | To this, you need to add the estimated auction fees (court, appraiser, lawyers, etc.)<\/td>\n | – \u20ac30,000<\/span><\/td>\n<\/tr>\n | So, not only have you lost your house, you still have to pay back the following sum to your creditors<\/td>\n | – \u20ac90,000<\/strong><\/span><\/td>\n<\/tr>\n | What is more, the debt will continue to increase<\/strong> due to interest and you will be on the late payers<\/strong> list for life<\/td>\n | <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | <\/p>\n How to solve the problem<\/strong><\/h4>\n\nPeople often ask friends or relatives for money, but almost always end up creating a problem for the person who has lent you the money.<\/p>\n If, however, you haven\u2019t been paying for a long time, then legal proceedings are under way and you will have to contact a legal firm<\/strong> who will ask you for at least \u20ac4,000 which you probably haven\u2019t got. And you will still have to find someone to lend you the money with the same problems and risks mentioned above.<\/p>\n You could also try selling the property through an estate agent<\/strong> and then, contact a lawyer to close the position with the bank and court. As you can see none of these three solutions will solve the problem<\/strong>.<\/p>\n <\/p>\n Through the mechanism of full<\/strong> and final settlement<\/strong>, an amicable agreement is made between the debtor and the bank, in order to definitively close the debt position. This agreement, however, calls for specific expertise<\/strong> and an agreement with the bank\u2019s legal department. After full and final settlement, the mortgages on the property will be removed which can then be sold to pay the bank.<\/p>\n As you will have realised, all this bureaucracy must be dealt with by a specialised company<\/strong> that knows how to handle difficult situations like these.<\/p>\n However, to free the property from mortgages, money is needed, because the bank or lender wants to be paid first to give the go-ahead to the court for the elimination of the mortgage.<\/p>\n <\/p>\n As you will have realised, even full and final settlement comes with a big problem<\/strong>, namely, getting your hands on the sum of money to settle the debt in full.<\/p>\n Fortunately for you, this is what CANCELLA DEBITO succeeds in doing best.<\/p>\n CANCELLA DEBITO is a company specialised in full and final settlements on properties. So, if we don\u2019t find a buyer willing to buy the property, we will take care of it.<\/p>\n Therefore, we act as a legal firm, estate agent and money lender, solving all your debt problems completely.<\/p>\n <\/p>\n |