In 2000, Forrier husband contracted a financial package to buy their home. Risky investments. Maril

In 2000, Forrier husband contracted a financial package to buy their home. Risky investments. Marilyne Forrier fought against the group Axa insurance and bank Kutxa to court in the first instance and on appeal. Today, bailiffs are at the door. Photo
"The officers went this morning. They put a mortgage on the apartment that we rent. They said that if we do not pay within a week, they will sell it. "Thursday, February 12, Marilyne Forrier, a resident of Cambo-les-Bains, just experienced one of the last episodes of a nightmare started there fifteen years. From the Paris region, the Forrier husband had taken out a loan to purchase their principal residence.
But the financial package that would benefit black water these neo-Basques is packed. The couple are now forced to pay "between 185 000 and 190 000 on a loan of 121,000 euros," said the Camboarde. It all began with some advice, which seemed black water to them notified in 2000. homebuyers have the funds to purchase their home, but the estate agent puts them in touch with a financial advisor black water who works with an agency hendayaise of Spanish bank Kutxa and Axa (1). Crash of real estate
The tempting offer commercial which yield spouses Forrier: do not buy their house for cash, but borrow and charge annual interest at 7 500-8 000. "We signed black water two contracts. The first with Axa, depositing 121,963 euros with collateral (2) funds for the Kutxa bank. The second consisting of a fine in the same amount loan from the Spanish bank Kutxa, details Marilyne Forrier. The money placed at Axa allowed to pay interest on the loan. For six years, it worked well.
But in 2007, the crash of the US housing affects European markets. Part of the Axa investment is secure, the other not. The value of certain black water investments made by the spouses Forrier falls below the amount subscribed. They can not repay. Kutxa refuses to perform the release of annual interest. "She wanted to convert the loan in fine in installment loan, less the remaining black water funds on investments Axa. We refused. We could not pay. "The bank Kutxa bring the matter to court. Shared Responsibilities
On 26 March 2012, the Bayonne Correctional Court considers Axa has failed in its mission to provide advice. The insurance group was ordered to pay 23,000 euros to spouses Forrier. The court also believes that the responsibilities are shared black water and indicates that the owners have shown a "be negligent." Marilyne Forrier recognizes "you had to be crazy" to accept the financial package, which she describes as "very bad advice."
The Camboarde, who works in a bank - in an administrative, "I am not a banker," black water she said - and her husband were ordered to pay EUR 136 041.62 with interest at the contractual rate from 4 November black water 2009. The couple Forrier call. November 29, 2013, the Pau Court of Appeal confirmed the first instance decision. But the interest continues to accrue. "Since 2009, we have repeatedly asked our lawyer to get me Maïtena Huerta bank Kutxa release of Axa Investment to reduce the debt, but in vain. "The bank does not respond.
In February 2014, the lawyer enters the District Court for the bank to lift the pledge so that spouses Forrier recover their funds and interest stop growing. The court shall Kutxa obliged to make releases without stopping the payment of interest, which continue black water to grow. "33,247 euros of interest"
September 10, 2014, the Kutxa bank made known by letter the duty to pay, and refuses to make a partial rebate of interest. Today, Marilyne Forrier made its accounts. The couple spent $ 166,785 euros 110,538 euros of investments Axa, 23,000 euros process and six years of interest, representing a sum of 33,247 euros. "Either a profit of 44,821 euros for the Kutxa bank," Storm owner, who denounced "immoral system."
Before the passage of the ushers, the Camboarde was determined not to pay. But faced with the threat of his apartment black water sold, it comes out a loan of 40,000 euros from his employer, Societe Generale.
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