Homeowners seeking protection from foreclosures must act by January 31st

Homeowners seeking protection from foreclosures under the new government regulations will have to provide information about their assets and sources of income by January 31st, 2014, Kathimerini understands.

The new measures are to be voted by Parliament on Saturday.

The Development Ministry said Wednesday it aims to extend through 2014 a freeze on repossession but only for primary properties valued at up to 200,000 euros ($275,000) and households with an annual net income of under 35,000 euros.

But blanket protection on main household properties – a measure essentially in effect since the start of the financial crisis four years ago – will end on January 1, the ministry said.

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