35.098 homes were seized by the banks in first 6 months of 2013

According to the Bank of Spain, a total of 35.098 homes were foreclosed on by the banks in the first 6 months of 2013. 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. 19.567 were foreclosed forcibly by court order, 12.719 were “returned” to Continue reading 35.098 homes were seized by the banks in first 6 months of 2013