Mortgage cancellation denied for SAREB-registered mortgage without consent or court ruling
05 Jun 202663 views
Who is affected:
Property owners with mortgages registered in favor of SAREB who wish to cancel them at the registry
Summary
The property registry cannot cancel a mortgage registered in favor of SAREB if this entity objects. Its consent or a final court ruling is required.
Detailed analysis
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The Directorate General for Legal Security and Public Faith resolves an appeal against the negative qualification of the Mojácar registrar, who denied canceling a mortgage registered in favor of SAREB. The requesting company argued that the loan was canceled in 2007 and was never validly assigned to SAREB. However, SAR…
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