EVICTION DAY - Images | ArturoRodriguez Photography: All Spaniards have the right to enjoy decent and adequate housing. The public authorities shall promote the conditions necessary and establish the pertinent norms to make this right effective, regulating the use of land in accordance with the general interest to prevent speculation. The community shall share in the increased values generated by urban activities of public bodies.
Azucena Paredes, an unemployed mother of three children, victim of global crisis face off her eviction in Madrid, Nov. 18, 2011. As in many European countries, Spanish mortgages are not like US-style ones in which defaulters can return the keys to the bank and walk away from their debt, albeit with their credit rating in ruins. Here, mortgage holders not only have to give the house back, but also pay off bank debt. If they cannot, upon their death it is passed on to their relatives.?
Tuesday, July 10, 2012
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