In Spain, 100% Home Loans Are Back - WSJ.com

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In Spain, 100% Home Loans Are Back - WSJ.com: "Spain has one of the world's most-troubled housing markets, yet some buyers are suddenly able to get mortgages with 100% financing, and developers are building new homes on empty lots despite a huge glut.
The reason: Spain's banks took possession of a large inventory of homes, buildings and land two years ago, forgiving the debt in hopes of heading off defaults. The plan was to resell the properties when the market bounced back and evade the worst impact of the looming housing crisis.
But Spain's housing market has only gotten worse, and now the bill is coming due"