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home auctions

Parliament Budget Head: Either Home Auctions Resume, or a Bail-in is Coming

A set of highly alarming predictions about the future of the Greek banking system were revealed today by the outgoing Parliament Budget Office head, Panagiotis Liargovas. In an interview with Skai TV, the economist; whose term in the Parliament Budget...

Clashes Between Protesters and Greek Police in Home Auction Court

Rioting between -mainly- left wing protesters and the police outside the premises where foreclosure home auctions are taking place, has become commonplace in Athens lately. This time the Athens Court of Justice became the battleground for the movement against home...

Tsakalotos: Greek Banks in Danger if Home Auctions don't Resume

Finance minister Euclid Tsakalotos has warned his party's MPs that if foreclosed home auctions don't resume, Greek banks could be facing recapitalization issues. Speaking to SYRIZA parliamentarians, Tsakalotos was referring to the notaries' announced abstention from duty until December 31,...

Notaries Claim Businessmen Offspring's House Auctions are Deliberately Abolished

The Greek Notaries Association is accusing citizens' groups fighting against private house auctions, of abolishing particular auctions of houses belonging to offspring of wealthy businessmen. Making it clear that all said auction cancellations are not associated with primary residence (which...

More than 10,000 Homes Passed to the Greek State in 2016

More than 10,500 real estate properties were passed to the Greek State in 2016 because of the inability of owners to pay their tax obligations, according to Kathimerini daily. The report cites data from Alpha Residential Properties saying that in...

Greece-Creditors Agree to Save Only Poor Households from Auctioning

After hours of negotiating, Greece and creditors agreed that only the poorer families unable to pay their mortgages will save their homes from foreclosure, the measure applying to about 25 percent of people in debt. The meeting between Finance Minister...