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Edition: U.S. Article Comments (0) Email Print Reprints Full Focus Editor's choice A selection of our best photos from the past 24 hours. Full Article Read UPDATE 2-Republican election surge hits U.S. state houses 03 Nov 2010 Boehner vows to repeal Obama healthcare reforms 03 Nov 2010 WRAPUP 6-Qantas grounds giant A380s after engine failure 2:51am EDT Qantas grounds giant A380s after engine failure 2:52am EDT Fed takes bold, risky step to bolster weak economy | 1:45am EDT Discussed 268 Wall St reform architect Frank fights for survival 257 Obama warns of policy rollback if Republicans win 99 Republicans to win control of House with 231 seats Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Russian spy poses for Maxim Tue, Oct 19 2010 Mexico's 20-yr old police chief Thu, Oct 21 2010 For crisis-weary Icelanders, it only gets worse Tweet This Share on LinkedIn Share on Facebook By Mia Shanley REYKJAVIK (Reuters) - The call for help starts with a posting on Facebook. Members of a loose-knit group known as the Icelandic "Home Guard" hear of a foreclosure, share details and meet on site to tell authorities to get lost. For... Related News Special Report: A Marshall Plan for America's housing woes Fri, Oct 29 2010 Investor fears grow over foreclosure mess Thu, Oct 14 2010 WRAPUP 3-Investor fears grow over U.S. foreclosure mess Thu, Oct 14 2010 White House rejects foreclosure moratorium Wed, Oct 13 2010 WRAPUP 4-White House rejects U.S. foreclosure moratorium Tue, Oct 12 2010 Analysis & Opinion Bleak fall of the $100 billion mortgage bubble Related Topics World » Credit: Reuters By Mia Shanley REYKJAVIK | Wed Nov 3, 2010 10:24pm EDT REYKJAVIK (Reuters) - The call for help starts with a posting on Facebook. Members of a loose-knit group known as the Icelandic "Home Guard" hear of a foreclosure, share details and meet on site to tell authorities to get lost. For Arnar Mar Thorisson, an unemployed construction worker, the turnout of 50 Home Guard members was enough to lift his spirits as he waited for the sheriff to come. He and his 11-year-old son were due to be evicted from a flat bought six years ago, when the economy was booming. "They will have to carry me out of my house," said Thorisson, standing in a messy, unheated kitchen. An oven sat in the middle of the floor, ready for hauling away. A deluxe coffee maker rested on a counter, a reminder of the good times. At face value, it appears Iceland has been through the worst. The island's currency has staged a partial recovery, interest rates are much lower and economic growth is in sight. But on the ground, Icelanders say life has never been harder. There has been little to no relief from the massive piles of debt, many of which were linked to inflation and as a result soared as prices took off. "People are now running out of their savings," said Fridrik O Fridriksson, chairman of Iceland's Home Coalition, a volunteer group which advises the government on housing matters. "They are selling furniture to meet basic expenses like food, electricity and heat," he said, adding that foreclosures have increased threefold this year. Two years after the financial crisis struck, the queues at Iceland's weekly free food stations such as the Church Aid and the Icelandic Family Help Center are longer than ever. Almost a quarter of households on this island of 320,000 have had trouble meeting payments, the Central Bank has said. Nearly 4 in 10 households are worth less than their mortgages. "People feel it under their skin. There's a lot of anger," said Magnus Magnusson, a professor at Bifrost University. "The government is cutting everything it can. I don't think things are going to pick up next year." TOO LATE FOR SOME HOMEOWNERS A demonstration by nearly 10,000 people in October, when people pelted keys and eggs at parliament, recalled the protests in early 2009, which led to the resignation of the island's government and set the stage for a political shift to the left. Tension is rising again as people are forced out of their homes and endure what many call a humiliating auction process. More protests are planned Thursday as parliament convenes. The International Monetary Fund (IMF) has described Iceland's real estate crash as an "almost perfect storm." 1 2 Next World Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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