This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Spanish Woman Jumps To Her Death As Eviction Looms

HAROLD HECKLE

MADRID (AP) â¿¿ A woman in Spain jumped to her death as bailiffs approached to evict her Friday from her fourth-floor apartment for failing to pay the mortgage, officials said.

It was the second apparent suicide linked to evictions, and it further illustrates the dire conditions many Spaniards find themselves in as the country's economy sinks. The government recently created a task force to study how to reduce evictions because of the devastating personal impact of repossessions due to tough Spanish mortgage rules and growing unease among the public on the subject.

The unnamed 53-year-old woman threw herself from her balcony in a suburb of the northern Spanish city of Bilbao, the regional Interior Ministry said. She worked at a local bus depot, was married to a former town councilor and had a 21-year-old daughter.

Local judge Juan Carlos Mediavilla told reporters at the scene that it was "necessary to amend current mortgage legislation" to prevent a recurrence of such events. Employment and Social Security Minister Fatima Banez said late Friday that the government deeply regretted the woman's death.

Home owners in Spain face greater risks than mortgage-holders in many countries. If a home owner in Spain is unable to make the agreed mortgage payments â¿¿ through unemployment or low income â¿¿ he or she can get evicted but also remain liable to repay whatever value is left on the mortgage after the repossession.

Since the 2008 property crash, more than 350,000 people have been caught in this trap. There are another 500 evictions a day, according to government figures.

On Oct. 25, Jose Miguel Domingo, 53, was found dead in the courtyard of his building in Granada moments after bailiffs appeared to evict him. A day later, another 53-year-old man who had been unemployed for four years jumped out of his apartment window in the eastern town of Burjassot as eviction loomed. He survived but with injuries.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs