Our View: The price of protecting mortgage defaulters could prove very costly  

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Our View: The price of protecting mortgage...
 © CyprusMail 2020
THE FORECLOSURES saga that has been going for more six years now took another twist on Wednesday when the Supreme Court ruled that two bills approved by the legislature but vetoed by the president were in fact constitutional. A third bill, that would have allowed the re-examining of loan contract clauses was ruled unconstitutional.

The bills offered people refusing to repay their loans on a primary residence a few more delaying tactics options. This had been the main objective of deputies since the first foreclosures bill was submitted in the House...


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Our View: The price of protecting mortgage defaulters could prove very costly  


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