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Spanish banks stop evictions for the next 2 years in cases of 'extreme necessity'

STORY HIGHLIGHTS

The main industry group for Spanish banks announces a moratorium on some evictions
The pledge follows two suicides of homeowners about to be evicted
People have been protesting evictions during the recession as unemployment hit 25%
The banking association says 97% of homeowners are paying their mortgages on time

Madrid (CNN) -- Spaniards who are in "circumstances of extreme necessity" and are unable to pay their mortgages will not be evicted from their homes over the next two years, the main industry group for Spanish banks said Monday.

read more http://edition.cnn.com/2012/11/12/business/spain-home-evicti...

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Interesting!

Thanks for posting!