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All reports tagged with: "repossess"

Properties without Title Deeds give banks headaches

Developers who didn’t follow the rules are giving the banks headaches as a number of repossessed properties and homes without Title Deeds are now re-entering the property market.

Alpha Bank Cyprus in callous court action (Update)

Alpha Bank Cyprus is trying to prevent the transfer of properties on the Anarita Sunrise 1 development built by the bankrupt developer Yiannis Liasides, who borrowed in the region of €3.7 million that his company failed to repay.

Why Bank of Cyprus should not be separated

Rather than establishing a separate Asset Management Company, it’s likely that the Bank of Cyprus will set up a separate internal non-performing loan unit to pro-actively manage problematic loans.

Multiple creditors & foreclosures in Cyprus

A new directive for handling customers’ debts has been issued by the Central Bank; however foreclosing on non-performing real estate loans and evictions is not in anyone’s interests.

Is litigation the answer?

Will a protracted legal battle against the Alpha Bank in Cyprus concerning the alleged mis-selling of Swiss Franc mortgages achieve a positive result or can more be achieved through negotiation?

Bill to repossess homes put on the backburner

The Interior Ministry has informed parliament that a bill enabling mortgaged properties to be repossessed and auctioned off has been “suspended indefinitely due to the economic crisis.”

The Cyprus Property Titanic

The Island’s Interior Minister, Neoclis Sylikiotis, has a number of questions to answer in light of applications made by the Alpha Bank to auction eight plots of land that it mortgaged to bankrupt property developer Yiannis Liasides.

Alpha Bank moves to repossess homes built by Liasides

More than 100 people face losing their homes following applications filed by the Alpha Bank to auction eight plots of land that it mortgaged to bankrupt property developer Yiannis Liasides.

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