n this Tuesday July 5, 2011 photo Inma Rodriguez holds ...

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Paul White | published: July 10, 2011

n this Tuesday July 5, 2011 photo Inma Rodriguez holds back tears during an interview with The Associated Press in her home in Alcala de Henares near Madrid. Inma is packing for a trip she dreads. Any day now, for defaulting on her mortgage, she'll be evicted from the apartment where she's lived for 30 years and raised two children. As in many European countries, Spanish mortgages are not like US-style ones in which defaulters can return the keys to the bank and walk away from their debt, albeit with their credit rating in ruins. Here, mortgage holders not only have to give the house back, but also pay off bank debt. If they cannot, upon their death it is passed on to their children. (AP Photo/Paul White)



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