Tag Archives: foreclosures

Court operations and auctions of foreclosed homes are suspended from May 17 to May 24, ahead of national elections on May 21, according to a circular issued by the Justice Ministry on Tuesday. Specifically, the circular outlined the following: – Civil and criminal court operations in Athens and Thessaloniki will …

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Three protesters were injured when clashes broke out between riot police and a crowd of leftists protecting foreclosure and e-auctions. in downtown Athens on Wednesday. Protesters started to push at riot police when the latter did not allow a delegation but only two leading members to visit the notary’s office …

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The president of the European Central Bank, Mario Draghi, has called for full geographical coverage of foreclosures across Greece. In a letter to European Parliament Member Nikos Chountis, Draghi said that while Greek authorities have made “welcome” progress in recent weeks to speed up foreclosures and help banks reduce their …

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The offices of Popular Unity (LAE) party, a left-wing party devoted to protest auctions, are to be auctioned on Wednesday. The officer the party of former SYRIZA heavyweight and ex Energy Minister Panagiotis Lafazanis, are to be auctioned due to outstanding debts of the property owner. According to LAE, the …

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Protesters clashed with riot police when they tried to halt foreclosures in a court in Athens on Wednesday afternoon. One elderly was injured, when a police bat landed on his head. Two more people were injured. among them is the former mayor of Kaisariani suburb of Athens was transferred to …

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There has been a lot of talk about lifting, easing, twisting or whatevering of Capital Controls but fact is Capital Controls remain in position to safeguard the stability of Greek banks. Mainly for one reason: lack of confidence on the side of depositors. Greeks may have adjusted themselves to cash …

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Greek Tax Administration has been studiously taking from debtors what it belongs to the state. From January to April 2016, tax authorities have reportedly “emptied” 428,465 debtors’ bank accounts. If the seizures in May be added, the total number reaches over 500,000. In comparison: 333,776 bank account seizures last year. …

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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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Three in one mortgage receivers are most likely to lose their homes after Greece and creditors agreed on the measures to “protect the first residence”.  Income criteria for first residence protection are set extremely low, the state is willing to subsidize and help the banks and the poor borrowers with …

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For one more time creditors sent a clear message to Greece: first the new deal will have to pass through the Parliament. Only then they will turn on the faucet and let 2 billion bailout tranche and 10 billion for the bank recapitalization flow towards the Eurozone south. The Euro …

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Greece’s Prime Minister Alexis Tsipras did not have time to join the Athens Marathon today Sunday. He stayed in his office instead and started calling around: European Commission President Jean-Claude Juncker, French President Francois Hollande, German Chancellor Angela Merkel. Top on the agenda: the release of  the 2 billion bailout …

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Does the big bang rolls with forceful violence towards Greece’s property owners? Are those who bought homes on loans and found themselves unable to meet their obligations at risk to be kicked out of the four walls and the ceiling,  they used to call ‘their own’? The Troika apparently puts pressure on the banks to start …

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