**Our View: Abolish the foreclosure freeze**
The freeze on foreclosures has been extended to the end of the year. The government is drafting new legislation that would allegedly protect primary residences. The existing foreclosures law is not being enforced and banks are expected not to pursue bad debts. Some ‘vulnerable’ borrowers may be holding on to a primary residence valued at €350,000, without having paid even half the value.
Link to the original story: https://cyprus-mail.com/2023/11/02/our-view-the-foreclosure-freeze-needs-to-be-abolished/
About The Author
boB
Well, hey there! The name's boB, and I hail from the humble town of boBsville. I'm a bit of a jack-of-all-trades, you know? I enjoy tinkering around with gadgets, exploring the great outdoors, and meeting new people. If you have any questions or just want to chat, feel free to hit me up!