Extrajudicial: 675 Debtors Saved Their Main Residence by Selling Other Properties - iefimerida.gr
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9 Articles
Hundreds of over-indebted households are seeking a new way out to save their main residence, taking advantage of the expanded option now provided by the Extrajudicial Mechanism. Within just a month and a half of the activation of the relevant regulation, on September 21, 675 borrowers chose to put up for sale other properties in their possession, in order to secure more favorable repayment terms for their debts and maintain the house in which t…
New feature enables the liquidation of vacation homes, plots of land and other assets
New data is emerging for over-indebted borrowers, as changes to the Extrajudicial Mechanism and the legislative framework for protection
A total of 675 over-indebted borrowers saved their main residence at the cost of liquidating their remaining assets, making use of the new option of the Extrajudicial Mechanism that was put into operation on September 21. The arrangement separates the primary residence from the remaining properties, ensuring a lower monthly installment, a greater debt haircut and repayment in up to 420 installments. At the same time, debtors retain ownership of …
675 borrowers choose to sell their other properties to protect their primary residence, securing a larger debt "haircut" and lower installments through the Extrajudicial Mechanism.
On September 21, that is, a month and a half ago, the new framework for protecting the main residence through the Extrajudicial Mechanism came into force. That is, the debtor has the opportunity to… Primary residence: How to save it from auction by “haircutting” debts – The price and the pitfalls - NAFTEMPORIKI
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