2012-12-11foxnews.com

Since issuing the emergency decree, which will protect Spanish families with an annual income of less than €14,400 after taxes, the government has been under increasing pressure to come up with reforms to its mortgage system. Activists have been lobbying for an insolvency law that would allow those who have defaulted on their mortgages to simply turn in the keys to their homes as they do in countries like the United States, freeing them from mortgage debt.


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