When a mortgage debtor cannot make their payments they are not allowed to hand the keys to the bank or declare themselves bankrupt. Instead they are evicted but still liable for the full amount of the loan.
News for The WatchMen. Collected news from different resources. This blog is an extension for the website: 'The WatchMen from Israel'.
News for The WatchMen. Collected news from different resources. This blog is an extension for the website: 'The WatchMen from Israel'.
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Thursday, July 21, 2011
Spanish activists protest at eviction laws
When a mortgage debtor cannot make their payments they are not allowed to hand the keys to the bank or declare themselves bankrupt. Instead they are evicted but still liable for the full amount of the loan.
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