The III National Congress of Real Estate Servicing, which started this afternoon in Madrid, specializes, according to the brochure, in "REO’S, NPL Secured & Mortgage Servicing". While waiting for the Spanish Office to take action on the matter, it should be said that REOs are the real estate assets acquired after auction; NPL Secured, unpaid loans with guarantees, and 'mortgage servicing', the niche to which companies that buy failed mortgage debts are dedicated. They are activities of the most swampy area of the real estate business, target of the wrath of the movements against evictions an
The III National Congress of Real Estate Servicing, which started this afternoon in Madrid, specializes, according to the brochure, in "REO’S, NPL Secured & Mortgage Servicing". While waiting for the Spanish Office to take action on the matter, it should be said that REOs are the real estate assets acquired after auction; NPL Secured, unpaid loans with guarantees, and 'mortgage servicing', the niche to which companies that buy failed mortgage debts are dedicated. They are activities of the most swampy area of the real estate business, target of the wrath of the movements against evictions and for the right to housing, which today organized an act of protest in front of the venue of the event dressed in black, with pickaxes and cardboard pens. and garbage bags, to signal the "vultures" in their nest. "Today [the funds from] Blackstone, Caixabank, Cerberus and HipoGes are here," said Mercedes Revuelta, spokesperson for the Madrid Housing Coordinator, megaphone in hand with some 40 people, with the presence of members of Stop Evictions and the Tenants Union. "More than 62% of all housing in the center of Madrid is in the hands of large investors," added the spokeswoman, upset by a meeting in which "they program how to make all the people of this country poor again." The protesters tried to boo the congressmen from the very entrance of the theater, but they had to settle for climbing onto the outer fence of the enclosure, which shares a surface with a shopping center. "Scavenger vulture, I don't love you in my house" or "outside vultures of our neighborhoods", shouted those present, who brought black balloons, while from the inside there were few who turned their heads. The entrance to the congress cost 1, euros (VAT included), or for those who followed it electronically. José Blanco and his partner, from the company Reforven Galicia, which specializes in housing adjustments and renovations (especially bank-owned housing), had doubted whether to p
Size: 6000px × 4000px
Photo credit: © Alberto Sibaja Ramírez / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: antiokupa, banks, caixabank, cerberus, congress, estate, evictions, forecast, housing, iii, madrid, market, national, occupy, office, real, scavenger, servicing, spain, spanish, vulture
