I am frequently questioned by property owners in France facing difficulties to repay a mortgage signed with a French bank. Under French law you cannot just “give the keys back to the Bank”. Any transfer of property implies a deed of sale through a French solicitor (“Notaire”). If an owner stops repayment, it is very […]
How can you obtain a two year suspension of payment of mortgage installments?
Many individual investors having acquired properties in France under leaseback programs are now facing difficulties to pay the monthly installments of their French mortgage. These investors had purchased a property in France, usually in a “Residence de Tourisme” To beneficiate from this tax advantages (notably reimbursement of VAT), all the investor in a residence had […]