Banks either sell repossessed homes for much less than the original mortgage value or can't unload them. That means the mortgage holders end up owing the difference or paying back the whole loan plus fees and court costs. Their wages can be garnished by the banks.
Madrid protester Carlos Gomez, 40, said Saturday that he has been warned he will be evicted from his home in April, under a strong police presence.
On Tuesday, a retired married couple committed suicide in Spain, leaving a note saying they also were about to lose their home. That rose to at least five the number of people who are believed to have committed suicide in Spain because they had been evicted or were about to be forcibly removed from their repossessed homes.