Granada town cuts ties with bank to save local homeowners from being evicted

LAST UPDATED: 11 Jul, 2012 @ 12:06
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Granada town cuts ties with bank to save local homeowners from being evicted

By Rund Abdelfatah

HOMEOWNERS broke down in tears of relief after a Granada town cancelled all its accounts with CajaGranada in a bid to halt impending evictions.

Peligros cancelled its accounts with the bank following a campaign by the IU and Peligros Democratic Alternative parties to curb the rising number of evictions in the area.

The town hall is bogged down by its own economic struggles and has been unable to do much to help its citizens facing eviction.

But frustrations with the bank came to a head after the CajaGranada refused to negotiate with homeowners.

The town hall insisted it had expected ‘collaboration and understanding’ from banks toward families who are suffering but encountered nothing of the sort and has now cut all ties.

The town’s 11,000 inhabitants are grateful for the intervention.

For many, it means more time to make ends meet and less time on the streets.

7 COMMENTS

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  1. You could be right, a political stunt of no relevance to homeowners faced with eviction.
    If so it will backfire at the next election.
    But if it does have an effect, maybe an example for other towns to copy.
    It’s time for change right across the Western world, against the mostly criminal rich, who use freedoms fought-for by the masses, to amass their own fortunes at the expense of their benefactors.

  2. We also have a problem with this bank, Banco Mare Nostrum, as they are the banks CajaGranada and Caja Murcia and one other I believe.

    We are having a hell of a time and the bank are just not flexible. They have made endless mistakes and have done nothing but hound us. We owe 5000 euros, half of which is capital, so we suggested that we pay the part the bank wants, their interest, which is 2500 euros. We can do that a lot quicker than having to pay capital payments as well. That little bit of capital isn’t going to help us sell the property is it! We got a big fat NO from them. Why can’t they be more flexible?

    We sadly have my Spanish father in law as a guarantor, which is probably the case for many of the people in this town in the story. We endlessly hear stories about people handing the keys back and walking away. For people with a guarantor that just isn’t possible as they chase your family, a family who have lived for generations in the town and will be evicted from their homes in their retirement years. This is the reality of Spanish banking. They are so desperate to claw back any money that they’ve lost due to their greed and incompetence that they are going to send their own Spanish people to hell.

    The bank managers and workers in the main need to be in prison!! The Government needs to force the banks to be more flexible. The immigrants from Ecuador who cashed in from 120% mortgages with no deposits or guarantors have long gone home to their free houses back home. The local Spanish people have nothing but facing being homeless and bankrupt for the rest of their lives, that’s right, in Spain bankrupt is FOR LIFE. These mortgages are worse than a prison sentence for so many people.

  3. And we only owe 5000 euros because of their mistake at the notary in 2009 and finally repaying us and cleared all our credit card and left us out of pocket for our mortgage. We had previously owed only 2 months, now they’ve left us with 7 months owing having cleared the whole credit card debt. They did this deliberately because they now hound us to remortgage to an unaffordable amount! I hate the banks and it’s a living day in day out hell for us and others in our situation.

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