Saturday November 29, 2014 Search
Weather | Athens
16o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
30,000 of property owners seen free-riding on foreclosure ban

Up to 30,000 home owners are believed to be taking advantage of a ban on foreclosures designed to protect mortgagors who have been unable to pay their loans since the economy went into freefall, Kathimerini understands.

According to bank estimates reported in Kathimerini on Sunday, free-riders are believed to make up about 15 percent of the sum of property owners who delay loan payments beyond a 90-day period, and who are estimated at around 200,000. According to the same estimates, property owners who abuse the moratorium also tend to have the biggest loans, in some cases up to 500,000 euros.

A series of court rulings appear to back the allegations. Greek courts have reportedly rejected about 8,000 claims for protection under the so-called Katseli law, out of a total of 80,000. Judges found that those applicants had tried to hide part of their assets.

According to data from the Bank of Greece, non-performing loans in the country increased sevenfold between the start of 2008 and the end of 2012.

Greeces foreign lenders are pressuring the government to lift the moratorium on foreclosures. The issue has been a key stumbling block in ongoing negotiations between the government and envoys representing the countrys troika of international creditors.

ekathimerini.com , Sunday December 8, 2013 (14:18)  
Venizelos extends invite to Turkey at start of visit
Vatopedi trial for 14 suspects
New proposals on way to troika
Cabbie who carried shooter claims he was threatened
Q3 growth was bigger than thought
The provisional seasonally adjusted statistics for the Greek economy in the third quarter put annual growth at 1.6 percent, against an original estimate for 1.4 percent, according to a state...
Who will pay for the states ADMIE stake?
The state is currently unable to pay the amount required for the acquisition of a 34 percent stake in the countrys Independent Power Transmission Operator (ADMIE), as provided for in a plan...
Inside Business
BASKETBALL
One more emphatic win sees Panathinaikos make top 16
Panathinaikos has mathematically qualified to the top 16 of the Euroleague after another emphatic home win, this time against Bayern Munich, with an 87-72 score on Friday. Given the changes ...
SOCCER
PAOK is one win from Europa Leagues last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
Inside Sports
COMMENTARY
Change of US president wont mean change of foreign policy
Americans have again voted for change in Washington as opposition Republicans take control of both houses of the US Congress. As attention now turns to the 2016 presidential race, it's time ...
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. One more emphatic win sees Panathinaikos make top 16
2. Venizelos extends invite to Turkey at start of visit
3. Vatopedi trial for 14 suspects
4. New proposals on way to troika
5. Cabbie who carried shooter claims he was threatened
6. Govt urged to allow Syrian refugees to move on
more news
Today
This Week
1. Change of US president won't mean change of foreign policy
2. Child molester suspect photo released by police
3. Greek economy expands 0.7 pct q/q in Q3
4. Lebanese FM: Cyprus may be jihadi transit point
5. Athens water supply 9-month profit falls 45 pct on lower charges
6. Armed man arrested on Thessaloniki campus
Today
This Week
1. Give Greece a chance
2. Extremism from a bygone era
3. Scientists expand excavation of ancient Amphipolis
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.