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Tag Archives: mortgage

Auctions & foreclosures start with real estate, hotels & 180 sheep

It’s done. Despite the famous Greek summer, as of tomorrow, June 1st 2016, it will rain auctions and foreclosures. The relevant Presidential Decree was signed and published in the Official Gazette. Apartments, villas, land plots, hotels, ships, helicopters and yachts but also 180 sheep and poultry farm equipment with 4 …

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Breath for Borrowers: Home auction-stop extended until end of 2013

A breath for thousands of borrowers as Greek government decided to extend the auctions ban for one more year. With a legislative act the Ministry of Development suspends auctions for the so-called “first housing” until December 31, 2013.  The legislative act prohibits banks from conducting auctions for unpaid mortgage loans if the home …

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Patras: Property Owner Hands Out Home-Keys to Bank

A man entered a local bank branch in the city of Patras, western Peloponnese. He was holding the keys of his home, which he had bought with a loan mortgage of 300,000 euro. He neared the branch director and left on his desk two keys. when the director asked “What …

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