In our daily life it is very important to know basic legal terms related to transactions and situations that sooner or later we are going to have to find.
For them we offer this legal dictionary with frequently used terms and what is important to know.

We appreciate the advice of the following entities in the preparation of this dictionary

Notary Bosch-Bages of Barcelona. 20 years of experience

Bosch-Bages Notaris
Passeig de Gracia, 32 08007 Barcelona
Telephone: ?+34 93 487 18 08
reception@notariaboschbages.com

BCA Legal solutions. Lawyers in Barcelona. John Bosch

BCA Legal Solutions
Galileu, 177-179 08224 Terrassa
Phone: 937 332 614
assemp@assempbcn.com

TweetMortgages

Guarantee of high-value debts through real estate


It is a way of responding for the fulfillment of a debt through the encumbrance of real estate, since, if there is a breach of the agreed debt, the mortgage will be executed, so the real estate will be liquidated in a public auction at the best bidder and, with the money raised from this sale, it will be paid to the creditor.

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Image from Pixabay. Updated on 21/08/2020.

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