Friday October 31, 2014 Search
Weather | Athens
18o C
13o 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 owner’s 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)  
Germany’s 10-year bonds decline before euro-area inflation data
Cyprus’s Georgiades Bets on Economy for Irish-Style Bailout Exit
Power rates soared 60 pct in six years
NBG chairman sees risks to recovery
Man shot dead, woman injured in Vathis square attack
A 42-year-old man was shot dead and a woman was slightly injured after two unidentified men in a vehicle rode past a cafeteria in Vathis Square, central Athens, and opened fire in the early ...
A year after GD members shot dead, police have no leads
A year after two members of neofascist Golden Dawn were shot dead outside the party’s offices in Neo Iraklio, north of Athens, police sources admitted that they have no leads to the killers....
Inside News
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Germany’s 10-year bonds decline before euro-area inflation data
2. Cyprus’s Georgiades Bets on Economy for Irish-Style Bailout Exit
3. Man shot dead, woman injured in Vathis square attack
4. Obradovic watches Greens thrash his Fenerbahce
5. Berg returns to add spice to Panathinaikos´s Cup win
6. Power rates soared 60 pct in six years
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Germany’s 10-year bonds decline before euro-area inflation data
3. Cyprus’s Georgiades Bets on Economy for Irish-Style Bailout Exit
4. Greek euro dilemma is back as minister predicts volatility
5. Students hijack university senate meeting
6. Clientelism belongs to the past, says Mitsotakis
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.