Govt to Table Draft Bill Extending Home Protection to end-2014

Govt to Table Draft Bill Extending Home Protection to end-2014

The Greek government will move to Parliament a draft bill extending until the end of 2014 the freeze on first-home foreclosures over unpaid debts by owners, the Athens News Agency – Macedonian Press Agency reported.
The freeze runs out on December 31, 2013.
According to the main provision, foreclosures and ensuing auctions of first homes will be suspended to end-year 2014, as long as the home is not worth over 200,000 euro; family net income for all family members does not exceed 35,000 euro; and total family assets do not total or exceed 270,000 euro, the news agency said. For families including three or more children and any person with disabilities above 67% the above ceilings are raised by 10%. 
No agreement has been reached with the Troika on the issue for the time being, especially over the transitional regulations that were extended to end-2014. 
 
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