Property Abroad
Blog
Woman and her grandchildren, on the street - life on the edge: guilty company removes them for non-payment of rent.

Woman and her grandchildren, on the street - life on the edge: guilty company removes them for non-payment of rent.

Женщина и ее внуки, на улице - жизнь на грани: виновная компания удаляет их за неуплаченную квартиру.
Женщина и ее внуки, на улице - жизнь на грани: виновная компания удаляет их за неуплаченную квартиру.

A woman and her grandchildren are on the brink of homelessness: they are being evicted by a company accused of failing to pay for an apartment after buying it. The images were very hard-hitting.

Cruz was evicted two years ago along with her husband and four grandchildren, who were then being cared for by the family. She left her home with no alternative accommodation and no prospects for the future. With no place to go, the woman pleaded for some compassion through videos posted on social media. "I have no place to go, but one day they will realize what they did for a roof that has no value, the value is in the children," the woman said hours before she was evicted from her home.

Nothing got in the way and Cruz was forced to leave her home. Afterward, as activist''The Platform of Mortgage Victims (PAH) of Vallecas, she was relocated to an empty apartment at 27 Calle Sierra de Llerena, in the Puente de Vallecas neighborhood. Her financial situation has not changed and her only source of income is still Minimum Income (IMV), so she was scheduled to be evicted last Friday, but a court order suspended the measure until December. "She is more relaxed now," her coworkers said after the revocation, which also caused some chaos and misunderstandings.

Organizations are demanding that the woman be granted a social lease, but their demands have not been heeded. The Cruz case is an illustrative one, and according to PAH Vallecas, it shows how large property owners in Spain operate.

Recommended real estate
Купить flat в Usa 5259600€

Sale flat in New York 5 677 977,00 $

3 Bedrooms

4 Bathrooms

203 м²

Купить house в Usa 6565300€

Sale house in New York 7 087 539,00 $

4 Bedrooms

6 Bathrooms

414 м²

Арендовать other properties в Usa 13850€

Rent other properties in New York 14 951,00 $

3 Bedrooms

4 Bathrooms

204 м²

Купить flat в Usa 3495100€

Sale flat in New York 3 773 119,00 $

2 Bedrooms

3 Bathrooms

175 м²

Арендовать other properties в Usa 15240€

Rent other properties in New York 16 452,00 $

3 Bedrooms

3 Bathrooms

176 м²

Арендовать flat в Usa 24630€

Rent flat in New York 26 589,00 $

3 Bedrooms

4 Bathrooms

231 м²

In the specific case of Madrid''23.2% of rental housing in the region is owned by companies with more than 50 properties, including Blackstone, CBRE, CaixaBank, Renta Corporación, Cerberus and Banco Santander.

The apartment from which Cruz now wants to be evicted belonged until four years ago to Sareb, a company known as a "bad bank" that buys properties from banks, many of which come from evictions, to give them new life in the real estate market. The woman's current home was taken over by Regalías Capital, an affiliate of Ahora Asset Management (ASM), which bought the apartment in a package of 400 properties, many of which had tenants to evict. The price of this particular apartment, as known from PAH and confirmed by Infobae España, was 45,499 euros, as indicated in a simple extract from the Registry''Madrid property. "46,000 euros for a 97 square meter apartment in Madrid. Will you find something like that at that price?" joked PAH activists, recounting the case of Cruz, which they also criticize because of the exorbitant price. "During the discussion of how expensive rent is, it doesn't seem justified to us," said Mercedes, one of the organization's spokeswomen.

In addition, this document from the property registry, with an update date of 2023, indicates that the change of ownership occurred despite the fact that the purchasing company had not paid the money: "The deferred purchase price payment amount is due by December 31, 2021." PAH requested documentation to show that the payment was made, but received no response or''confirmation that the debt had been repaid. If this was not the case, an attempt would be made to evict the person by a company that had not yet paid for the purchase of the home. If the delayed payment is not honored by PAH, Vallecas asks that 'Sareb exercise its right to invalidate the purchase agreement and take possession of the home again' in order to effect 'a social lease for Cruz and her family'." This publication tried unsuccessfully to contact Regalías Capital.

Cruz will not be evicted this month, but she will have to fight again in December to find a roof over her head for herself and her grandchildren. As heads of household, both she and her husband have recognized physical disabilities, but that hasn't stopped the company from negotiating a social lease and putting a stop to this''The struggle of a family who wander from home to home with no alternative.

Comment

Subscribe to the newsletter from Hatamatata.ru!

I agree to the processing of personal data and confidentiality rules of Hatamatata