PSOE lawmaker's firm handles mortgage foreclosures for foreign investment funds

A report reveals that Joaquín Martínez Salmerón, a PSOE deputy and member of the Congress' Permanent Deputation, founded a law office that participates in at least 14 mortgage-execution actions in Murcia, many involving foreign-registered financial entities. The firm represents AP Malbec Bidco, tied to the U.S. fund Apollo, which buys distressed mortgage credits and pursues judicial claims to acquire the underlying homes.

Among the cases is a long-running dispute involving a Virgen de la Arrixaca hospital oncologist, whose property has faced multiple auction suspensions and a contested IRPH-linked clause. Martínez Salmerón says he has stepped back from managing the practice and that its services are limited to lawful representation. He also controls Jomasa Geluk, a real-estate company not listed in his 2023 asset declaration, raising questions about possible conflicts of interest amid Spain's heated housing-policy debate.