Granada town cuts ties with bank to save local homeowners from being evicted

A woman breaks down in tears after she learns she will not be evicted from her home...yet.
A woman breaks down in tears after she learns she will not be evicted from her home…yet.

Homeowners broke down in tears of relief after a Granada town cancelled all its accounts with CajaGranada in a bid to halt impending evictions.

Peligros cancelled its accounts with the bank following a campaign by the IU and Peligros Democratic Alternative parties to curb the rising number of evictions in the area.

The town hall is bogged down by its own economic struggles and has been unable to do much to help its citizens facing eviction.

But frustrations with the bank came to a head after the CajaGranada refused to negotiate with homeowners.

The town hall insisted it had expected ‘collaboration and understanding’ from banks toward families who are suffering but encountered nothing of the sort and has now cut all ties.

The town’s 11,000 inhabitants are grateful for the intervention.

For many, it means more time to make ends meet and less time on the streets.

Article source: The Olive Press

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One thought on “Granada town cuts ties with bank to save local homeowners from being evicted

  1. DQ

    Excellent move! Show the bankers who pays their bills! These people are brilliant! Now, if the bankers are smart, they will re-write the loans and let the people re-organize and get back to life. This can and should be done — the bank will sink without the people, we are seeing that countrywide, and really, the entire planet-wide.

    Bankers are greedy and they need to be controlled like any other animal population.

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