#foreclosures

By a unanimous vote the House on Thursday passed legislation that provides for halting the auctioning off of properties where the mortgage debtor has applied for the ‘Mortgage to Rent’ ...

President Nikos Christodoulides heralded the bundle of bills voted into law in parliament tackling foreclosures on Friday, saying it marked “a milestone for the fiscal stability and financial outlook of ...

President Nikos Christodoulides on Thursday made it clear he would veto two government bills on foreclosures coming up for a vote in the plenum on Friday should the parties go ...

There is no end to the long-running foreclosures farce, which will be on centre stage at the House plenum on Friday, when the government bills, which are aimed at appeasing ...

Absolute seriousness is required when speaking about state finances, President Nikos Christodoulides said, while civil servants are protesting low pay for a second day on Tueday. The president made his ...

Government legislation affording extra protections to distressed borrowers with their homes on the line will go the plenum for a vote later this week, it emerged on Monday. The first ...

Banks on Wednesday agreed to extend the foreclose freeze for primary properties but stressed it was the last time this would happen, urging government and parliament to find a solution ...

Finance Minister Makis Keravnos said the government is ready to discuss with the other ruling parties the strengthening of support for vulnerable groups facing foreclosures. “Within the context of the ...

President Nikos Christodoulides said it was not goal to “convince anyone” over the foreclosures and non-performing loan bills, after a meeting with MPs at the presidential palace on Monday night. ...

A marathon session in parliament on Monday failed to avoid a showdown at the House plenum for later this week, where MPs will be voting on a contentious bill tabled ...

The issue of foreclosures is to be raised again on Monday in the parliamentary finance committee, as well as before the legal committee, in the presence of the Minister of ...

Finance Minister Makis Keravnos will present to legislators on Monday a government package of seven proposals to address the issue of foreclosures. The package was submitted on Thursday in a ...

The government has complete faith in the responsibility of all political parties to rise to the occasion and do the right thing in tackling foreclosures and non-performing loans (NPLS), government ...

Nothing illustrates the populist values of our politicians better than their recklessly slapdash handling of the foreclosures law, which they approved some nine years ago and ever since have been ...

President Nikos Christodoulides has called for a meeting with all political parties at the presidential palace on Monday, to discuss foreclosures. The aim is to hold a discussion ahead of ...

By Nick Theodoulou and Elias Hazou The House on Thursday passed two of four legislative proposals amending the foreclosures framework, but decided to postpone voting on the controversial bill that ...

Foreclosures have been suspended until the end of October, while a special judicial procedure will be created to deal with non-performing loans (NPLs), cabinet decided on Wednesday. Primary properties valued ...

Government will announce a package of measures on foreclosures to ensure the credibility of the country and to protect its vulnerable residents, President Nikos Christodoulides said on Tuesday. He said ...

Despite dire warnings from the government and the Central Bank, MPs on Monday decided to send on to the House plenum for a vote four legislative proposals amending the foreclosures ...

Lawmakers heard on Monday that around 20,000 debtors should benefit from the planned establishment of special courts fast-tracking financial disputes between borrowers and banks, aimed at affording some protection to mortgaged ...

State-owned Cyprus asset management company Kedipes has repaid €1 billion to the state for the aid it received, since its inception nearly five years ago, according to chairman Lambros Papadopoulos. “The ...

Syprodat said that borrowers are willing to renegotiate their loans but are finding it difficult The Association for the Protection of Borrowers (Syprodat) this week said that the key to ...

Banks warned on Friday that a proposed bill to allow loan defaulters to file a case in court to suspend the foreclosure process, posed a huge risk to the banking ...

The farce surrounding the foreclosures law just refuses to go away. Our political parties, unable to find any other worthy cause to champion, have made it their mission to create ...