When contracting a mortgage, interested parties pay banks certain provisions that are used to pay taxes, fees, and registrations. It is normal for the bank to temporarily hold the corresponding amount and for, later, an agency to handle all the required bureaucracy. However, in this context, a situation has come to light that would have left an as-yet-unspecified number of users unprotected. This is the case of the Tecnotramit agency.

The real estate company Tecnotramit, specializing in managing assets for large holders and investment funds, plans to enter bankruptcy proceedings next week, according to union sources. The company, which at the beginning of the year had a workforce of around 860 employees, communicated the new scenario to labor representatives this Tuesday. The situation has accelerated after it came to light in March that the company allegedly improperly withheld funds from individuals, leading to the withdrawal of its main clients, such as Banco Sabadell, CaixaBank, and Bankinter.