Sunday, April 3, 2011

Popular initiative to settle property mortgage

A legislative popular initiative in which claimed that citizens can respond to the mortgage loans of banks and with the mortgaged real estate, has already entered in the register of the Basque Parliament.

The mortgage current law provides that: If a person can not pay their assessed contributions, the financial institution can take home to his subsequent auction and require payment of the remainder of the loan to the debtor with all of its assets, present and future.

hipoteca

The text of the popular legislative initiative, which the press has had access has been registered in the autonomous and precise camera now of the endorsement of the signatures of 30,000 citizens to be able to be processed, the proposal launched by the Green peace echo of the Basque country and signed by its national President and Vice President States that all Spanish citizen who agreed with any particular or financial entity a mortgage on a good report to the mortgage with the mortgaged, regardless of the fluctuations of the market or the economy, financial institutions will also be those who value the real property and that taking into account its price make the mortgageAccording to this proposal the maximum that can collect debt the financial institution will be the whole of the mortgaged in no case more than this.

This type of initiatives by institutions and organizations should be taken much more seriously by the public administration which are the reflection of a society tired of abuses of the financial institutions that for years have been enriched to cost of the consumer and the illusion of this by having a housing that It is the right of every Spanish citizen as our Constitution.

Popularity: 13%

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