The government on Thursday set new rules to limit evictions of homeowners unable to pay their mortgages, responding to mounting public outrage against banks amid a deepening economic crisis. The new rules say that for the next two years banks cannot evict homeowners who are in a dire financial situation, which includes those who are unemployed or families whose total earnings amount to less than $2,030 a month. It also suspends evictions of disabled residents, as well as families with children younger than 3 years old or single parents responsible for two or more children. Since the start of the crisis, Spanish judges have issued more than 350,000 eviction orders. On Monday, ahead of the government’s action, the Association of Spanish Banks agreed to a two-year moratorium on evictions of the most vulnerable homeowners.
World Briefing | Europe: Spain: New Rules Limit Evictions
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World Briefing | Europe: Spain: New Rules Limit Evictions
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World Briefing | Europe: Spain: New Rules Limit Evictions
