Greek singer Stelios Dionyssiou faces foreclosure on his home despite previous claims that the situation was under control. A scheduled auction date looms as recent reports contradict his assurances of a resolution.
Tag: foreclosure
Banks and servicers in Greece hold approximately 10,000 properties acquired through foreclosure auctions. These properties could potentially regulate the housing market if they were put up for sale, but various regulatory hurdles are preventing their quick release. The issue has become a significant social problem, and solutions must be sought at all levels.