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Parliament Budget Head: Either Home Auctions Resume, or a Bail-in is Coming

A set of highly alarming predictions about the future of the Greek banking system were revealed today by the outgoing Parliament Budget Office head,...

Greek Gov’t to Pass Bill to Penalize Those who Obstruct Auctions (video)

The Greek government on Wednesday, brought to parliament a new amendment according to which people who will try to obstruct auctions of foreclosed homes,...

‘I Would Rather Demolish it!’ Anger in Greece as Foreclosure Auctions Gather Pace

Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will...

Chinese Investors Look for Bargains in Foreclosure Auctions in Greece

Chinese investors are embracing online foreclosure auctions in Greece, while demand for buying real estate property in Greece has gone up 158.5%, according to...

Protesters in Fierce Clashes with Police over Online Home Auctions in Greece

Protesters who were losing their homes engaged in fierce clashes with Greek riot police on the first day of online auctions to sell off...

Basketball Legend Nick Galis Auctions Shoes for a Child’s Treatment

Greek basketball legend and recent NBA Hall-of-Famer Nick Galis auctioned his sports shoes and gathered €7,000 for the treatment of a 5-year-old suffering from...

Online Foreclosure Auctions in Greece to Begin Wednesday

The first ten electronic foreclosure auctions will be held on Wednesday, following the decision of the General Assembly of the Athens-Piraeus Notaries to suspend...

Tsakalotos: Greek Banks in Danger if Home Auctions don’t Resume

Finance minister Euclid Tsakalotos has warned his party's MPs that if foreclosed home auctions don't resume, Greek banks could be facing recapitalization issues. Speaking to...

Greece’s Creditors Push for Foreclosure Auctions

Greece's creditors are pushing the Greek government to solve the issue of foreclosure auctions, in order to restore stability in the banking system and...

Homes Worth Up to 300,000 Euros to be Exempt From E-Auctions

All residences valued at 300,000 euros or less will be exempt from foreclosure auctions using the new electronic platform, according to an agreement reached...

Notaries Claim Businessmen Offspring’s House Auctions are Deliberately Abolished

The Greek Notaries Association is accusing citizens' groups fighting against private house auctions, of abolishing particular auctions of houses belonging to offspring of wealthy...

Greek Government to Freeze Home Auctions for Debts to the State

The Greek government has decided to freeze home auctions for debts to the state after a public uproar and disapproval among SYRIZA MPs. Notaries announced that...

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