Photo: A woman in Valencia, Spain next to "dial-a-crowd" members helped stop her family from being evicted
In Spain, flash mobs are showing up at people’s homes to stop families from being evicted after their homes go into foreclosure.
In what Bloomberg has dubbed “Dial-a-Crowd”, an organization called La Plataforma de los Afectados por la Hipoteca is a group that comes together and form human chains to prevent the residents of homes in foreclosure from being removed.
Recently, banks in Spain have seen a 500 percent increase in the number of homeowners who have gone into arrears on their mortgages since 2007. While on the other side of the fence, homeowners are asking the government to help reduce the burden on those facing foreclosure.
“In large parts of the U.S., you can just walk away from your home and your debt, and that contributed to the country’s banking crisis,” Jordi Fabregat, a professor of management and financial control at Barcelona’s Esade Business School, said told Bloomberg. “That can’t be done here, so the banks are protected from defaults during a crisis.”