Spain halts evictions of vulnerable homeowners

http://freedomwat.ch/wp-content/uploads/2012/11/A-woman-stands-next-to-a-banner-reading-Stop-evictions-during-a-protest-near-Barcelona-in-July-2012.-AFP2.jpg

“Spain announced Thursday a two-year halt to evictions of the most vulnerable home owners as a public outcry mounted over suicides linked to desperate people facing expulsion.  The Spanish Banking Association announced Monday it was freezing mortgage-related evictions for two years in extreme cases. Savings banks, too, suspended expulsions while awaiting new government rules.  Many people were shocked by two suicides in 15 days by indebted homeowners facing expulsion in Spain, where both banks and borrowers were hammered by a 2008 property crash.”

http://www.rawstory.com/rs/2012/11/15/spain-halts-evictions-of-vulnerable-homeowners/

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