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All reports tagged with: "distressed"

Distressed borrowers threaten to revolt

As banks are taking defaulting borrowers to court rather than exhausting options under the Cyprus Central Bank’s directive on loan restructuring, distressed borrowers are threatening to freeze loan payments.

All-party MP group to help property buyers

MPs meeting in London last week with a group of property buyers from the North East of England who are facing legal action by a Cyprus bank have agreed to join an all-party group in efforts to help them.

Banks should offload distressed properties

The banks need to offload billions of Euros of property left on their books by bankrupt developers and offer 100 percent mortgages spread over 40 years, similar to those being offered in Spain.

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