Nearly 40,000 homes in Spain have been seized by banks in 2012, due to foreclosures, official data shows.
The central bank reported on Friday that a total of 39,167 homes were seized last year after homeowners were not able to make payments.
The number of evictions was based on a survey of lenders which approve over 85 percent of mortgages in Spain.
The large majority of evictions, 32,490 were considered primary residences, with the remaining either secondary dwellings used as holiday properties or rentals.
In over 14,000 cases regarding primary residences, lenders had to go to court to gain control of the home. Full story...
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The central bank reported on Friday that a total of 39,167 homes were seized last year after homeowners were not able to make payments.
The number of evictions was based on a survey of lenders which approve over 85 percent of mortgages in Spain.
The large majority of evictions, 32,490 were considered primary residences, with the remaining either secondary dwellings used as holiday properties or rentals.
In over 14,000 cases regarding primary residences, lenders had to go to court to gain control of the home. Full story...
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