ALCALA DE HENARES, Spain - Inma Rodr?guez lost his job, and now that it breached his mortgage, it is subject to lose her house. But the nightmare does not end there: that once creditors kick her out, she will have to repay money it borrowed to buy his house.
This is an anomaly of mortgage view in much of Europe, but particularly acute these days in Spain, a country struggling with an economic crisis caused by the collapse of the housing bubble. Since the accident of property in 2008, more than 300 000 have been affected by the potential double-whammy of eviction and the mounds of mortgage debt.
"Having difficulty, so much so," said Rodriguez, choking that she looks at the ceiling of the House where she lived for 30 years and two children.
Under the terms of his contract, Rodriguez will probably pay about half of its confirmed, the debt banking, 000-plus ($ 290,000), and the costs of justice and penalties after she left - in striking contrast with the United States, where refractories can return the key of the Bank and out of their debt.
Refractories are a small minority in Spain - 98% of mortgage holders are up to date on payments. But their fate is generates a wave of solidarity as soars record unemployment skyrocketed: when an eviction seems imminent, the demonstrators gather often hundreds outside the property to try to block.
In rallies, demonstrators formed a human cushion and physically prevent the clerks and officials of the Bank with a locksmith in tow to eject residents. The association behind the protests succeeded about 50 times since 2009, although finally just the inevitable delays.
Last week, the Government adopted a decree aimed at resolving the fate of the debtors evicted. It protects more than their salary claimed by banks and changes the way that popular post-foreclosure such debt is calculated to try to trim it.
If the Bank manages to sell a House barred, this amount is struck off the remaining debt. But these days, the standard is that the property is put on sale at auction and to tender. Who has served the Bank takes in charge the House for only half of its value tax originally then erases the amount of debt rest - leaving the borrower still owed a bundle. The legislation adopted last week raises the proportion that the Bank must perform effectively if non-vente to 60 percent.
The platform for the victims of the mortgage - the association directed by door rally - wants to Spain resulted in the American legislation of mortgage loans. But the Spanish Association of banks, which would destroy the system of the Spain, low mortgage interest rates: even now, as the loan-shy banks raise rates, they may be below 3%, with periods of repayment by as much as 40 years and no default mandatory mortgage insurance.
The result, it would be granting loans less, smaller and more expensive which are repayable in less time, which means almost 98% of mortgage holders who make their payments on time suffer them banks.
"Good payers would be those to be injured", he said.
But Rodriguez, a woman of household without use of 56 years, said that it had been victim of a system of Raptor willing to lend money. She says can barely read or write and gets confused in the thick gumbo from its financial difficulties, shared with her ex-husband.
Rodriguez and her husband Manuel, who worked as a painter and Carpenter, pulled a large second mortgage in 2006 to pay off debts, reshape their 3 bedroom apartment to sleep in this town outside Madrid and buy a new car and furniture.
"I know not what I was signing," Rodriguez said in a living room with empty shelves and a broken cuckoo, as three small Yorkshire terrier yapped at his heels.
Six months after the takeover of the mortgage, Rodriguez and her husband separated. Since then, she complains, he is not carved in a penny to the euro1, 000 - more a mortgage payment of months. It did not work almost two-and-half years, and even if it did, it gets euro500 just one month.
"They were so easy." So easy, "Rodriguez told the credit." "If we had not purchased anything or done any, us would not owe anything today.".
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