Thursday November 27, 2014 Search
Weather | Athens
12o C
9o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Ministry unveils new parameters for protection from foreclosures

Development Minister Costis Hatzidakis unveiled on Wednesday draft legislation that sets out the new criteria for protecting homeowners from foreclosures.

The government was unable to reach an agreement with the troika on the lifting of a moratorium on foreclosures for some homes and has decided to legislate on its own, without the lenders' approval.

The criteria announced by Hatzidakis mean that homes with a taxable value of less than 200,000 euros will still be protected if owners do not keep up mortgage repayments but only as long as they fulfill certain other criteria as well.

Foreclosures will not be allowed if:

1) The taxable value of the property is under 200,000 euros

2) Gross household income (not including social security contributions, income tax and solidarity tax) is no more than 35,000 euros

3) The owners total assets are under 270,000 euros

The criteria will be relaxed a little for families with three or more children.

The Ministry also proposes that those with a household income of less than 15,000 euros per year should pay a monthly mortgage payment of 10 percent of their net monthly income.

Those earning between 15,000 and 35,000 per year should pay monthly mortgage payments that amount to 10 percent of their first 15,000 euros of income and 20 percent of anything they earn above that.

The unemployed will be allowed to forego monthly payments until they have an income.

ekathimerini.com , Wednesday December 18, 2013 (15:13)  
Debtors snap up offer for easier settlements
Belgium gas firm said to be eyeing DESFA
OLP approval paves way for investment in Piraeus
Airport tender exceeds expectations
Hundreds of migrants on crippled ship off Crete
Ships from Greece rushed to help after a crippled freighter crammed with hundreds of migrants floundered for hours Tuesday in gale-force winds and high waves in the Mediterranean Sea, offici...
Policemen suspected of working at Piraeus bar where shooting took place
At least three serving policemen are thought to have been working at the bar in Mikrolimano, Piraeus, where a 31-year-old man opened fire with an AK-47 early on Saturday, resulting in 15 peo...
Inside News
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
SOCCER
EPO ends soccer suspension, Super League resumes
Soccer action will resume this weekend after the Super League convened on Monday, elected a new president and alternate president and sent a letter to the soccer federation that assures it t...
Inside Sports
COMMENTARY
Beware of the fallen idols
Akis Tsochatzopoulos, a legendary figure of the Greek socialist movement, a man who came very close to taking over the party that governed the country for half of the time following the fall...
EDITORIAL
The hard truth
The coalition government must tell the truth to the Greek people, even if this entails admitting to mistakes made over the last few months. The countrys citizens are fully aware of how cruc...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Hundreds of migrants on crippled ship off Crete
2. Atletico eyes last 16 berth against Olympiakos
3. Debtors snap up offer for easier settlements
4. Belgium gas firm said to be eyeing DESFA
5. OLP approval paves way for investment in Piraeus
6. Airport tender exceeds expectations
more news
Today
This Week
1. Anastasiades to undergo heart surgery in the US on Dec 4
2. Two police officers among 9 arrested for drug trafficking
3. Cargo vessel carrying hundreds of migrants adrift southeast of Crete
4. Trade deficit widens by 8.7 percent during Jan-Sept period, says ELSTAT report
5. Fraport, Copelouzos offer highest bid for Greek regional airports
6. Stop Mediterranean becoming vast migrant cemetery, Pope tells Europe
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
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.