Morocco’s Foreclosure Crisis: Social Media Auctions Mask Rising Family Evictions

These auctions are organized by banks and finance companies to sell the properties of owners who have been unable to meet their payments. According to unofficial data, the number of foreclosure cases has increased considerably in recent years, particularly as a result of the post-pandemic economic difficulties that have affected thousands of households.

Legal advisor Sanaa Mosleh reminds Rue20 that while Moroccan law allows a creditor to seize a debtor’s property, the process raises questions of social justice. She points out that in a context of weak banking mediation mechanisms, "many families find themselves on the street due to a simple payment delay".

The danger, according to Ms. Mosleh, lies in the emergence of a "parallel market" that exploits these distress situations. She criticizes the promotion of these "foreclosure opportunities" on the internet as simple business affairs, "without the slightest regard for the ethical or social dimension", thus transforming family dramas into bait for investors.