Daily Archives: December 7, 2010

Negative record of repossessions: 118,000 units

According to the Banks’ Financial Products Agency (Agencia Negociadora de Productos Financieros), during 2010, Spanish banks have already taken over a total of 118,000 properties from debtors. This is a negative historic record, the newspaper El Mundo has published today. The director of the Agency, Luis Javaloyes, commented that 30% of these repossessions could have been avoided if the banks