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Spain Mortgage

It's a Bad Time to Have a Home in Spain

Maryem Castillo | Posted 01.08.2012 | World
Maryem Castillo

Under Spanish law, turning over your property to the bank doesn't cancel the debt if the property is sold for less than the outstanding mortgage.

Spanish Mortgage Defaulters Face Debt Nightmare

AP | DANIEL WOOLLS | Posted 09.09.2011 | Business

ALCALA DE HENARES, Spain -- Inma Rodriguez lost her job, and now that she's defaulted on her mortgage, she's about to lose her home. But the nightmare...