28.170 of these were “primary residencies”, which usually are foreclosed on after the family stops paying the mortgage.
It’s a shocking picture of the reality of la crisis in Spain – 35.098 families out on the street, or kipping with family.
83,2 % of all the mortgages were signed pre-2008.
The total number of foreclosures ascends to 0,53% of all mortgages in Spain.
In all of 2012, 44.745 mortgages were foreclosed, of which 23.774 were ordered by a Judge.
In Spain, foreclosure does not end the debt, and the former homeowner can be landed with the unpaid portion of the debt, plus costs, interests and legal fees. With no personal bankruptcy, the debt can be carried for life.