Bankia, a collection of seven failed banks rescued with a €19bn government bailout, sells its repossessed properties through BankiaHabitat.
Families with children at nurseries and schools, single parents, the disabled, carers, pensioners, students, redundant workers, part-time workers, people struggling to make ends meet, those whose homes have been repossessed, those on ever longer waiting lists and a million young people unemployed – all dependent at some point on local authority services which are now being snatched away.
The major Spanish banks also have sites offloading repossessed developments.
Banca di Roma has agreed to give Banca Popolare di Milano its money back in return for the 10% stake in Bipop-Carire that it repossessed from its borrower.Some Bipop-Carire shareholders and opposition politicians grumble at the heavy hand of the Bank of Italy in all of this.
But those who are weighing the risks and rewards of buying must have been alarmed that the government was simultaneously promoting rescue packages for those who had entered the housing market and got burned.Chief among these bail-outs was a £200m "mortgage-rescue" scheme, under which some 6,000 households in danger of having their home repossessed are to be saved.
A vociferous protest movement blocks the doorways of houses due to be repossessed.
The timetable was not changed even after exasperated creditors had repossessed three aeroplanes.In this section An alternative to cocker spaniels Inside out Broken mould-breakers Beached Battling over bricks Monkey puzzle A new Air Afrique?
Three of his houses have been repossessed; others could share that fate.
As a result, Mr Cagan's estimate of $326 billion of repossessed mortgages translates into roughly $112 billion of losses, spread over several years.
HOMEOWNERS who don't keep up with their mortgage payments are liable to see their property repossessed by the bank.
Creditors lost their savings and debtors had their homes repossessed when the banking system collapsed in 1931.
