Spain's PM seeks end to mortgage arrears evictions

November 10, 2012 - 8:33 AM
Spain Financial Crisis

People hold banners that read: "Stop Evictions", during a march against evictions, in Madrid, Friday, Nov. 9, 2012. Officials say a woman fell to her death as bailiffs approached to evict her for non-payment of the mortgage from her fourth-floor apartment in a suburb of the northern Spanish city of Bilbao. Amaia Egana, 53-year-old, who worked at a local bus depot, was married to a former town councilor and had a 21-year-old daughter, launched herself off her balcony Friday, the regional Interior Ministry said. (AP Photo/Andres Kudacki)

MADRID (AP) — Spain's prime minister says his government aims to fast track reforms to halt evictions related to mortgage non-payments after a woman committed suicide as bailiffs arrived to repossess her flat.

The death of 53-year-old Amaia Egana, who threw herself from her fourth-floor balcony as bailiffs arrived Friday, has caused a national outcry.

Mariano Rajoy said Friday that current legislation was allowing "inhuman situations" to occur as people unable to keep up with repayments were forced from their homes while still saddled with the remainder of their mortgage debt.

Rajoy said he wants "a temporary stop to evictions" by introducing a better code of practice among lenders that would allow renegotiations of debt, or an agreement permitting debtors to remain in their homes for longer when this was not possible.