Blog | January 22nd

Court Orders Stay on Nordea’s Foreclosure Proceedings

An Estepona Court has order an indefinite stay of proceedings in respect to a foreclosure case brought by Nordea against a Danish Equity Release victim.

Nordea’s aggressive stance was met with resistance from  lawyers acting for the customer, who invoked the abusiveness of the early maturity or redemption clauses and the pending resolution by the European Court of Justice, who will decide on their potential illegality.



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