- Kutxabank Zima Finance has applied for auction of premises and guarantor housing from two Altza neighbours. The Stop Layoffs association denounces that the bank has sold bad mortgage loans from many Basque families and has left them in a "wholly defenceless" situation. Two neighbours ask that housing should be maintained.
The Stop Evictions Association of Gipuzkoa has denounced that Kutxabank Zima Finance has applied in court for an auction of premises and housing of two guarantors. The Association wants to guarantee the permanence of the two neighbors in the housing of the entire life of the Donostia neighborhood of Altza after the annulment of the auction.
In June, Kutxabank demanded the execution of the mortgage against the premises and housing of his pensioner parents, for debts of more than twelve installments, according to the Stop Evictions association. The Real Estate Credit Act allows banks and vulture funds to first request auction and then eviction. In July Kutxabank sold a debt of 2,500 delinquent mortgage loans to the Putre Zima Finance fund for EUR 240 million.
Stop denounced that Kutxabank sold deadly mortgage loans from many Basque families, thus leaving their families "totally defenceless."