The electronic platform for protecting primary residences from foreclosure in Greece went online on Monday, July 1.
Special Secretary for Managing Private Debt, Fotis Kourmousis, told the Athens Macedonia News Agency that 180,000 homes can qualify for protection using the electronic platform. It also offers information about a state subsidy that can reach up to 50 per cent of monthly installments.
Applicants are means-tested for both property assets and income in order to be part of the programme. They can only be aprt of it if their assets are under 250,000 euros and their income is under 36,000 euros per annum.
Banks of applicants will propose a favourable debt settlement for applicants, who then should decide whether they wish to take advantage of the offer.
Information on eligibility criteria can be found HERE.
