Evictions have suddenly became one of the most sensitive topics in Spain's financial drama, and government officials acted less than a week after a Spanish woman facing eviction killed herself by jumping from an apartment balcony. They are trying reverse or at least delay a trend that has seen more than 371,000 mortgage eviction orders issued since the financial crisis hit the country in 2008.
The government, which is still preparing a broader overhaul of the country's mortgage and property laws, said it hoped to shield those most in need by suspending mortgage payments for mortgage holders with annual income of €14,400 ($18,400) or less after taxes, or those with expired unemployment benefits.
"We must avoid families ending up in the street as a consequence of the crisis," Economy Minister Luis de Guindos told reporters. "What we're trying to do here is make sure nobody ends up without their house."
But the government tacked on conditions for those wanting an eviction suspension. To qualify, they must have more than three children, or have children under the age of three, or be elderly, or have disabled people in the household, or be single parents with two children, or be victims of domestic violence.
They can stay in their homes for two years without paying their mortgages, but it's unclear what will happen after that if they have still been unable to find work in a country where unemployment stands at 25 percent and is expected to rise significantly next year.
Part of the problem is that mortgage laws in Spain are particularly harsh. People unable to make payments who are evicted still remain liable to repay huge amounts because the value of their home or apartment has plunged during the crisis. Banks either sell the homes for much less than the original mortgage value or can't unload them, so the mortgage holders end up either owing the difference or paying back the whole loan. Their wages can be attached by the banks.
more http://www.clarionledger.com/viewart/20 ... -evictions
Part of the problem is that mortgage laws in Spain are particularly harsh. People unable to make payments who are evicted still remain liable to repay huge amounts because the value of their home or apartment has plunged during the crisis.
That is a fucked up situation.
Spain needs a change in law.
The second-rate mind is only happy when it is thinking with the minority.
The first-rate mind is only happy when it is thinking."
A. A. Milne
Spain Halts Evictions
Spanish banks have agreed to halt repossessions for the most vulnerable - three days after a woman jumped to her death as officials arrived to evict her from her home.
The two-year suspension will be observed by the country's largest banks, and comes amid public outrage over the growing number of evictions affecting thousands of people caught in the economic crisis.
Kuxtabank, a lender in the northern Spain, was reportedly the first to make the unprecedented move after client Amaia Egana reportedly threw herself from the balcony of her flat in Barakaldo, in the Basque capital Bilbao.
The 53-year-old former Socialist politician's death on Friday was the country's second apparent suicide linked to evictions and sparked protests in the capital Madrid.
Fifteen days earlier, Jose Miguel Domingo, also 53, was found........
"The greatest things on earth are us,supposedly.
Why don't we act accordingly, with humanity" Rizze
Mydogma wrote:Spain needs to grab some balls and do as iceland did and say srew you to the theiving banksters...hunt them down and throw them out their skyscrapers...that would solve the problem...they are just to afraid to look at the reality of their situation, the bulk of Spain is under Usery of the banks...indebted slaves for the rest of their lives...to the theives...
I agree, Why the bank just doesn't let them have their houses is beyond me. Those banks must
owe huge sums of money to international banks maybe. Good way for an outside entity to get
their debt back buy owning your peoples land that you used as collateral for your bank to borrow vast sums of money for the politicians and local banks to embezzle.
Lets please not think that corruption doesn't happen because it does but is hard to uncover now
even in Australia like the banknote scandal which only arose due to whistle blower intervention.
Hopefully he is not dead like the whistleblower that got killed after narking zionist murdoch in
that phone hacking scandal.
My puppet gilard government loves going to international conventions and strong arming asian neighbours now since we have been colonised recently with more bases and personnel and offshore shale processing and even a haarp on echo island in western Australia which was censored and also on the news when the military was whinging about google maps having their pesky bases on there service in plain site.
Anyway I am wandering off, my crap carbon tax supporting government is now borrowing record amounts of money and sending us into debt.
Julia and peter garret have wasted 2 billion dollars together and now we are also broke even though the media pretends everything is fine, it's all good, keep borrowing, you know that new limo has you written all over it doesn't it gillard. Borrow Borrow Borrow. My mum works in an aboriginal council and says that they are given grant money to waste on useless parks and even more useless memorials to whatever they can think of which are later trashed by the bored aboriginal kids.
The police don't walk around alone in Woorabinda, hehe.
It's no redfern but things get crazy at night there with the alcohol restriction.
I heard Iceland was now back on it's feet buying up other peoples land overseas, how the tables turn.
Good on you iceland.
I'm trying to find the image of the octagon haarp arrangement picture but it's been removed from everywhere. We aussies gots lots to hide now.
Thats no octagon! I don't want to know
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