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Foreclosure bill protects primary residences

The cabinet has approved amendments to the draft foreclosures bill that protects primary homes from repossession if the owner can prove lack of income or any other asset, thereby safeguarding low-income families.
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Primary residence protection bill on hold

The House Legal Affairs Committee has decided to put the controversial primary residence protection bill on hold and it will probably not be discussed at a plenary session of the House on Thursday.
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Sparks set to fly over primary residence protection bill

Sparks are expected to fly in the House on Monday when MPs will discuss a draft bill designed to protect primary residences from foreclosure, which MPs want to send to the plenum on Thursday.
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Primary residence protection bill by end-March

A bill designed to protect families' primary residences and premises of small businesses with a turnover up to 2 million Euros and employing up to 10 staff from seizure should be ready by end of this month.
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Six thousand foreclosure requests filed at land registry

Six thousand foreclosure requests filed by banks at land registry offices across Cyprus remain pending and are not expected to proceed soon due to the land registry offices heavy workload.
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Central Bank issues stark warning on foreclosures

The Central Bank of Cyprus has issued a stark warning to banks to change their attitudes towards borrowers in efforts to prevent the seizure and subsequent sale of primary residences.
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