Thank you for this information and the link to the Canadian forum. Hopefully I will also get some replies from people who have knowledge of the Portuguese process of foreclosure. I have searched all over the web but there is almost nothing on the foreclosure process and yet I am sure there are lots of people trying to find out about it.

We have a mortgage on a second home in Portugal. We live in Canada and are no longer able to pay the mortgage for it especially as they want the whole amount repaid before we turn 75 in 10 years time. We have tried to sell it but can't, even at a low price. The mortgage is worth just over half of what we paid for the property so we have paid nearly 50% of the cost of the place. We think the best thing is to let it be repossessed Is the Portuguese system like the Spanish one where they can only pursue you up to 50% of the value of the original valuation? If so are they likely to pursue us in Canada for the ten to fifteen thousand shortfall? Any help would be really appreciated.

We have a mortgage on a second home in Portugal which we bought when we lived in the UK. We have since moved to Canada and are no longer able to pay the mortgage for it especially as they want the whole amount repaid before we turn 75 in 10 years time. We have tried to sell it but can't even at a low price. The mortgage is worth just over half of what we paid for the property so we have paid nearly 50% of the cost of the place. We think the best thing is to let it be repossessed Is the Portuguese system like the Spanish one where they can only pursue you up to 50% of the value of the original valuation? If so are they likely to pursue us in Canada for the ten to fifteen thousand shortfall? Any help would be rally appreciated.

We have a mortgage on a second home in Portugal which we bought when we lived in the UK. We have since moved to Canada and are no longer able to pay the mortgage for it especially as they want the whole amount repaid before we turn 75 in 10 years time. We have tried to sell it but can't even at a low price. The mortgage is worth just over half of what we paid for the property so we have paid nearly 50% of the cost of the place. We think the best thing is to let it be repossessed Is the Portuguese system like the Spanish one where they can only pursue you up to 50% of the value of the original valuation? If so are they likely to pursue us in Canada for the ten to fifteen thousand shortfall? Any help would be rally appreciated.