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55% of borrowers facing foreclosure reach restructuring deals

More than 71,600 borrowers in Cyprus have had their loans transferred to credit acquisition and servicing company portfolios since...
Legal Matters

Bill seeks to protect guarantors of property loans

A draft bill aimed at giving stronger protection to guarantors of property loans has been put before the Plenary...
Latest News & Updates

Non-performing loans now worse than 2013 crisis

Cyprus' non-performing loans have climbed beyond levels seen at the height of the 2013 financial crisis, intensifying political pressure...
Legal Matters

Cyprus MPs’ last push to halt property foreclosures

House of Representatives is preparing a last-ditch effort to suspend mass property foreclosures before it dissolves in mid-April, as...
Articles

Cyprus trapped buyer case exposes deep property & legal failures

A recent letter published in the Cyprus Mail by Mr Helmuth Porschen, entitled "Paying the price of a developer's...
Latest News & Updates

Vulture funds slammed over foreclosures on refugee homes

In a move that shines a brutal spotlight on the aggressive tactics deployed by debt-recovery players, the parliamentary refugee...
Legal Matters

Is a Vulture Fund demanding money under false pretences?

In what appears to be a deeply troubling development, a Vulture Fund is demanding more than €625,000 from an...
Legal Matters

Trapped buyers protection extended to end July

Trapped buyers have been given a fresh lifeline, as Cyprus' banks have agreed to extend the freeze on property...
Legal Matters

Vulture funds attacked by MPs

The Chairman of the Parliamentary Legal Affairs Committee, Nicos Tornaritis, has hit out at vulture funds for refusing to...
Legal Matters

Stop Trapped Buyers property repossessions

The Chairman of the Parliamentary Committee on Legal Affairs, Justice and Public Order, Mr Nicos Tornaritis, has written to...
Latest News & Updates

How many properties and loans do vulture funds own?

At the end of 2024, the total value of loans held by Credit Acquisition Companies (better known as vulture...
Latest News & Updates

Proposal to stop vulture attacks on loan guarantors

Following my rant about morally bankrupt Vulture Funds demanding payments to release Title Deeds of properties bought by trapped...
Articles

Stop vulture attacks on trapped buyers

Government intervention is needed to stop Credit Acquiring Companies, better known as Vulture Funds, demanding money from debt-free trapped...

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