The number of property confiscation in Spain has increased to a total of 114,000 in 2009, said the
General Council of the Judicial Power (CGPJ) on Tuesday.
The CGPJ had said before that the confiscation would involve 76,463 houses, but with its report presented on Tuesday, the figure has almost doubled.
According to the report, the confiscation orders issued by courts hit 58,688 in 2008, and the figure is expected to increase to 118,000 by the end of 2010.
The global economic crisis has resulted in an increased number of property confiscation, as debtors were unable to pay back their credits borrowed from banks.
After studying the report of the CGPJ, the Organization of Consumers and Users (OCU) suggested owners of mortgaged houses extend the term of loan repayment by negotiating a renewal of their loans.
The suggestion is intended to reduce the amount of monthly repayments, and it emphasized that April 20 is the last day to renegotiate the loans.
The OCU also suggested loan owners consider selling their houses before reaching an extreme situation, so as to obtain better economic results.