Spanish Woman Jumps To Her Death As Eviction Looms
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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV