Adicae expected about 150,000 foreclosures, more than double in 2008
| Date: December 1, 2009 | Source: Europa Press |
| Category: Economy | |
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Loading ... The president of the Association of Users of Banks, and Insurance (Adicae), Manuel Pardo, said today that 2009 is expected to have over 150,000 foreclosures, which is more than double that in 2008 when there were more than 70,000.
"To help these consumers came up with the mortgage payment in lieu of recent, but continued abusing bodies with valuations lower than the time of purchase, so that the user loses the house and left with a debt," he complained.
In this situation, the president of Adicae during National Mortgage Forum proposed the implementation of some measures like stopping foreclosures, "lay hands" credit, the creation of an Observatory on the Credit and Mortgages, control the reunifications debt and indebtedness Family Law, "which the government refuses to enact the last fifteen years."
"The Forum wants to be a real power to never again be a situation like the present, with an irresponsible consumer credit, and consumer protection measures," he said.
On the other hand, said the average debt of Spanish households currently stands at 140% of their income, which means that it has tripled in the last fifteen years, said today
In a press conference held in Zaragoza on the occasion of National Mortgage Forum, Hazel said that the mortgage is the leading cause of household debt "after ten years in which financial institutions have been encouraging the purchase of houses, with irrational and irresponsible business that has led to the bankruptcy of many banks and bank problems. "
Adicae president criticized the "unconscionable contracts" of mortgage terms "abusive", such as ground clauses that prevent lower the monthly payment, or clips, "high-risk financial products which forced to sign with the mortgage. "
