As lenders in Cyprus join forces with European giants in what seems to be a final attempt to tackle non-performing loans , and with hedge funds waiting around the corner for their turn to buy any available loan on sale, clients that defaulted on their loans are getting nervous. On Wednesday, the Cypriot movement against property seizures protested Cyprus Cooperative Bank's merger with Spain's Altamira Asset Management on the grounds that the lender will become much more aggressive on foreclosures and less willing to compromise, giving debt defaulters less time, among other possible measures.

Foreclosure News



Leave a Reply

Your email address will not be published. Required fields are marked *