The Property Registry may reject registration of a mortgage foreclosure adjudication if the debtor was not properly notified
25 Jul 202687 views
Who is affected:
Financial entities, investment funds, mortgage debtors and property registrars
Summary
The General Directorate resolves a challenge to the registry's refusal to register a mortgage foreclosure adjudication due to defects in debtor notification. All personal notification methods must be exhausted before resorting to public notices.
Detailed analysis
PRO
The General Directorate of Legal Security and Public Faith resolves the appeal filed by Formalización y Gestión SL against the negative qualification of the Property Registry of Valladolid nº5. The registrar denied registration of the foreclosure adjudication decree issued in mortgage execution due to non-compliance wi…
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