Spain’s PM seeks end to mortgage arrears evictions
Nov 10, 2012, 1:18 PM
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.
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