Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/ap/2012-11-10/spains-pm-seeks-end-to-mortgage-arrears-evictions

AP News

Spain's PM seeks end to mortgage arrears evictions


MADRID (AP) — Spain's prime minister says his government aims to fast track reforms to halt evictions related to mortgage non-payments after a woman committed suicide as bailiffs arrived to repossess her flat.

The death of 53-year-old Amaia Egana, who threw herself from her fourth-floor balcony as bailiffs arrived Friday, has caused a national outcry.

Mariano Rajoy said Friday that current legislation was allowing "inhuman situations" to occur as people unable to keep up with repayments were forced from their homes while still saddled with the remainder of their mortgage debt.

Rajoy said he wants "a temporary stop to evictions" by introducing a better code of practice among lenders that would allow renegotiations of debt, or an agreement permitting debtors to remain in their homes for longer when this was not possible.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus