Live News From Spain As It Happens

Keep up to date with all the latest news from Spain as it happens. The blog will be updated constantly throughout the day bringing you all the latest stories as they break.

European Court of Justice questions legality of Spanish repossession laws
Friday, November 9, 2012 @ 1:00 AM

Juliane Kokott, the Advocate General at the Court of Justice of the European Union (ECJ) has ruled that the Spanish law that allows mortgage defaulters to be evicted from their homes goes against EU law. The law does not guarantee effective protection for consumers in the face of possible abusive clauses in mortgage agreements, she concluded.

Read more at thinkSPAIN.com

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Lizzie said:
Tuesday, November 13, 2012 @ 5:52 PM

Abusive mortgages are common and those who have them are trapped.

The banks/notaries were all in on it.....all on the make. How much commission did they all make?!

Our ex bank manager stole from us and the bank say that they aren't responsible....he stole from clients not from the bank. The banks, bankers and politicians all protect each other. Corruption is still so rife.

I hope and pray that those trapped in the nightmare of a Spanish mortgage are able to free themselves. The stress is killing people.

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