What is Novation in Spain?

Due to the Economic Crisis in 2008, Coronavirus Pandemic and Recession in 2020, lots of families are unable to keep paying their mortgages in Spain. Most of them have RE-NEGOTIATED new terms and conditions of their mortgages with their lenders/banks in order to adjust their mortgages to their new circumstances. This action is called NOVATION … Sigue leyendo What is Novation in Spain?