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Endless sales of Golgotha

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& Chi; & omega; & rho; ί & sigmaf; & tau; έ & lambda; & omic; & omicron; & Gamma; & omicron; & lambda; & gamma; & omicron; & theta; ά & sigmaf; & epsilon; & kappa; & pi; & omicron; & iota; or & sigma; & epsilon; & omega; & nu;

& Chi; & omega; & rho; ί & sigmaf; & tau; έ & lambda; & omicron; & sigmaf; & omicron & & omicron; & gamma; & omicron; & theta; ά & sigmaf; & epsilon; & kappa; & pi; & omicron; & iota; or & sigma; & epsilon; & omega; & nu;

ΑΡΧΙΚΗΕΙΔΗΣΕΙΣΠΟΛΙΤΙΚΗΤΟΠΙΚΑΠΑΡΑΣΚΗΝΙΟMEDIAΕΛΛΑΔΑΚΟΣΜΟΣΕΠΙΣΤΗΜΗΠΕΡΙΒΑΛΛΟΝΤΕΧΝΟΛΟΓΙΑΣΥΝΕΝΤΕΥΞΕΙΣΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΟΙΝΩΝΙΑΕΙΔΗΣΕΙΣΚΥΠΡΟΣ ΤΟΥ ΧΘΕΣΑΝΑΓΝΩΣΤΗ ΕΧΕΙΣ ΛΟΓΟΕΠΙΣΤΟΛΕΣΣΥΝΕΝΤΕΥΞΕΙΣΔΗΜΟΦΙΛΗ ΣΤΟ INTERNETVIDEOSΑΦΙΕΡΩΜΑΤΑADVERTORIALINSIDERΕΠΙΧΕΙΡΗΣΕΙΣΚΥΠΡΟΣBRAND VOICECAPITALFORBESBLOOMBERG OPINIONΠΡΩΤΑΓΩΝΙΣΤΕΣΚΑΥΤΗ ΓΡΑΜΜΗΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΑΡΙΕΡΑΑΠΟΨΕΙΣΑΡΘΡΑ ΣΤΟΝ “Φ”ΠΑΡΕΜΒΑΣΕΙΣ ΣΤΟΝ “Φ”ΤΟ ΜΗΝΥΜΑ ΣΟΥ ΣΚΙΤΣΑΟ ΚΟΣΜΟΣ ΤΟΥ TWITTERGOING OUTTHINGS TO DOCINEMAΜΟΥΣΙΚΗΕΣΤΙΑΤΟΡΙΑBAR/CAFETV ΟΔΗΓΟΣΤΗΛΕΟΡΑΣΗΠΟΛΙΤΙΣΜΟΣΚΥΠΡΟΣΚΟΣΜΟΣΚΡΙΤΙΚΕΣΕΚΔΗΛΩΣΕΙΣΠΡΟΣΩΠΑΑΘΛΗΤΙΚΑΠΟΔΟΣΦΑΙΡΟΜΠΑΣΚΕΤΠΑΡΑΣΚΗΝΙΑΕΛΛΑΔΑΔΙΕΘΝΗΑΛΛΑ ΣΠΟΡΑΠΟΨΕΙΣΣΚΙΤΣΟVIDEOSAUTOΝΕΑΠΑΡΟΥΣΙΑΣΗΑΠΟΣΤΟΛΕΣΑΓΩΝΕΣΚΑΛΗ ΖΩΗΥΓΕΙΑΔΙΑΤΡΟΦΗΕΥ ΖΗΝΑΣΤΡΑΧΡΥΣΕΣ ΣΥΝΤΑΓΕΣΣΥΝΤΑΓΕΣ ΣΕΦΒΗΜΑ ΒΗΜΑΧΡΗΣΙΜΑΦΑΡΜΑΚΕΙΑΓΙΑΤΡΟΙΑΕΡΟΔΡΟΜΙΑΛΙΜΑΝΙΑΤΗΛΕΦΩΝΑΟΠΑΠΚΑΙΡΟΣΣΥΝΑΛΛΑΓΜΑΛΑΧΕΙΑAPPSΠΡΟΣΦΟΡΕΣΕΝΤΥΠΗ ΕΚΔΟΣΗ ΠΟΛΙΤΙΚΗΤΟΠΙΚΑΠΑΡΑΣΚΗΝΙΟMEDIAΕΛΛΑΔΑΚΟΣΜΟΣΕΠΙΣΤΗΜΗΠΕΡΙΒΑΛΛΟΝΤΕΧΝΟΛΟΓΙΑΣΥΝΕΝΤΕΥΞΕΙΣΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣ ΕΙΔΗΣΕΙΣΚΥΠΡΟΣ ΤΟΥ ΧΘΕΣΑΝΑΓΝΩΣΤΗ ΕΧΕΙΣ ΛΟΓΟΕΠΙΣΤΟΛΕΣΣΥΝΕΝΤΕΥΞΕΙΣΔΗΜΟΦΙΛΗ ΣΤΟ INTERN ETVIDEOSΑΦΙΕΡΩΜΑΤΑADVERTORIAL ΕΠΙΧΕΙΡΗΣΕΙΣΚΥΠΡΟΣBRAND VOICECAPITALFORBESBLOOMBERG OPINIONΠΡΩΤΑΓΩΝΙΣΤΕΣΚΑΥΤΗ ΓΡΑΜΜΗΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΑΡΙΕΡΑ ΑΡΘΡΑ ΣΤΟΝ “Φ”ΠΑΡΕΜΒΑΣΕΙΣ ΣΤΟΝ “Φ”ΤΟ ΜΗΝΥΜΑ ΣΟΥ ΣΚΙΤΣΑΟ ΚΟΣΜΟΣ ΤΟΥ TWITTER THINGS TO DOCINEMAΜΟΥΣΙΚΗΕΣΤΙΑΤΟΡΙΑBAR/CAFETV ΟΔΗΓΟΣΤΗΛΕΟΡΑΣΗ ΚΥΠΡΟΣΚΟΣΜΟΣΚΡΙΤΙΚΕΣΕΚΔΗΛΩΣΕΙΣΠΡΟΣΩΠΑ ΠΟΔΟΣΦΑΙΡΟΜΠΑΣΚΕΤΠΑΡΑΣΚΗΝΙΑΕΛΛΑΔΑΔΙΕΘΝΗΑΛΛΑ ΣΠΟΡΑΠΟΨΕΙΣΣΚΙΤΣΟVIDEOS ΝΕΑΠΑΡΟΥΣΙΑΣΗΑΠΟΣΤΟΛΕΣΑΓΩΝΕΣ ΥΓΕΙΑΔΙΑΤΡΟΦΗΕΥ ΖΗΝΑΣΤΡΑΧΡΥΣΕΣ ΣΥΝΤΑΓΕΣΣΥΝΤΑΓΕΣ ΣΕΦΒΗΜΑ ΒΗΜΑ ΦΑΡΜΑΚΕΙΑΓΙΑΤΡΟΙΑΕΡΟΔΡΟΜΙΑΛΙΜΑΝΙΑΤΗΛΕΦΩΝΑΟΠΑΠΚΑΙΡΟΣΣΥΝΑΛΛΑΓΜΑΛΑΧΕΙΑAPPSΠΡΟΣΦΟΡΕΣ ΕΠΙΧΕΙΡΗΣΕΙΣ ΚΥΠΡΟΣ BRAND VOICE CAPITAL FORBES BLOOMBERG OPINION ΠΡΩΤΑΓΩΝΙΣΤΕΣ ΚΑΥΤΗ ΓΡΑΜΜΗ GOLDEN CAREER COMPANIES

& Chi; & omega; & rho; ί & sigmaf; & tau; έ & lambda; & omicron; & sigmaic; & ommaron; & omma; & gamma; & omicron; & theta; ά & sigmaf; & epsilon; & kappa; & pi; & omicron; & iota; or & sigma; & epsilon; & omega; & nu;

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& Chi; & omega; & rho; ί & sigmaf; & tau; έ & lambda; & omicron; & sigmaic; & ommaron; & omma; & omma; & gamma; & omicron; & theta; ά & sigmaf; & epsilon; & kappa; & pi; & omicron; & iota; or & sigma; & epsilon; & omega; & nu;

 & Chi; & omega; & rho; ί & sigmaf; & tau; έ & lambda; & omicron; & sigmaf; & omicron; & Gamma; & omicron; & lambda; & the; & omicron; & iota; or & sigma; & epsilon; & omega; & nu;

Next Previous Endless Golgotha ​​of sales HOME • INSIDER • CYPRUS • Endless Golgotha ​​of sales

& nbsp & nbspΑδάμου Αδάμου & nbsp; & nbsp;

The possibility that there were illegal sales of first homes by banking institutions or asset management companies is more than possible, as suggested by a recent note from the Financial Commissioner Pavlos Ioannou. Mr. Ioannou's note follows a recent ruling by the Nicosia District Court, which acquitted a borrower who had filed an objection to his rejection of the ESTIA Plan.

In turn, the court's decision, as evidenced by the 14-page verdict, is based on several points in a previous note/directive. With the decision of the court, dated April 5, 2022, an order was issued to cancel the auction sale process, as well as an order to set aside and cancel a sent notice of type “IA”, by a Credit Redemption Company. According to the note of the Finance Commissioner, the decision now makes it clear that it is not legal to activate the process of sale and sale of the main residence, while an objection is pending under the procedural provisions of the Home Plan, when the conditions that led to court decision.

According to the court decision, the Financial Commissioner had in fact warned of the possibility that it seems that many borrowers were finally confronted, but his warnings were not taken into account – at least by the banking institutions. In other words, it had made it clear by 2020 that until the process of examining applications for membership in ESTIA is completed, including any appeal by the applicant after rejection, any sale attempt would constitute circumvention of the ESTIA plan itself and the relevant agreement of the Ministry of Finance with the banks, based on the memorandum of understanding between the two sides.

Now such a thing is illegal with the parliament's parliament. The decision issued also states the following: “The protection plan of the main residence” ESTIA “is a plan that concerns credit facilities that meet specific criteria. The plan stipulates that the participating company (ie credit company) that will sign the relevant memorandum of understanding with the government will not take legal action for credit facilities provided by the Main Residence for which an application for inclusion in the Hestia plan or will suspend any legal measures in progress concerning credit facilities included in the plan as long as the debtors comply with their obligations under the plan. '”.

The decision states that the Financial Commissioner sent on 30/1/2020 an information note to the borrowing consumers noting that these procedures are considered to be completed in case of non-acceptance of the application only after the possible appeal to the objections committee as provided in the memorandum. “Since the defendant has signed the memorandum of understanding, I consider that she is bound by the instructions of the Financial Commissioner in relation to the management of the” ESTIA “project and must comply with his instructions if she has agreed to be paid, in case the borrower approves the project. , state sponsorship “, the judge states in the decision.

Possible illegalities

Speaking to “F”, the Financial Commissioner Pavlos Ioannou did not rule out after the issuance of the relevant decision that there were sales that were in fact illegal. At the same time, he did not rule out as a logical consequence any sale that was made, pending the borrower's objection, to negatively affect the outcome of his objection. The possibility of illegalities is also mentioned in the relevant note of Mr. Ioannou, pointing out, among other things, that of the Objections Committee of the Plan, may be illegal “and that” sent notifications of type “I” and type “IA”, pending objection for not joining the Plan ESTIA, are premature and should be set aside. In any case, it is not legal for them to result in the sale of their main residence, pending the objection. ” others have already been rejected.

According to Mr. Ioannou, those who are still pending the evaluation of the objections should have practical arrangements for the ESTIA project, but also as a result of court decisions, while he stressed the need to clarify the handling of those who are rejected by the project. especially for those deemed unsustainable. He explained that despite the government's intentions for the “rent instead of installment” plan, the required approvals are delayed and stressed the need for comprehensive planning. Mr. Ioannou also argued that the possibility of sale of a main residence has not been ruled out, despite the efforts made, considering that the Cypriot society does not raise homeless people and that due to the special circumstances caused by the Turkish invasion new measures are needed to avoid resettlement of citizens.

In relation to the court decision, but also the note issued after it, Mr. Ioannou estimates that it can hardly be overturned by any form of appeal. “We also note the fact that in the analysis of her arguments and in the formulation of her reasoning, the honest judge uses, in combination with an apt interpretation of the relevant legal framework, extensive excerpts from an Information Note that I issued. I consider that this development constitutes an institutional consolidation of the role of the Financial Commissioner and consequently of the Unified Body for Out-of-Court Settlement of Financial Disputes, is added to the note of the Financial Commissioner. Most important, however, (especially because of the above finding that the decision in question “may be difficult to overturn by any form of appeal”), according to Mr. Ioannou, is the fact that the decision is explicitly and unequivocally stipulates the following: The commencement of sale procedures and the consequent determination of a sale date are premature, in any case pending a decision of the Competent Authorities on a borrower's objection, in the rejection of his application for inclusion in the ESTIA Plan. Therefore, such proceedings can not have legal consequences. “

What to do

In his note, Mr. Ioannou, after the relevant court decision, refers to a series of actions that must be taken to resolve the issue. In this context, it records the need for the State to take care, so that the ESTIA project is fully completed. This, he notes, presupposes the completion of the examination of objections for rejection in the ESTIA Plan, which are pending before the Competent Authorities. “Something, of course, that must be done diligently and in a fair way,” he explains.

It also states that the banks must set aside all the submitted letters type “I” and type “IA”, in any case where the mortgage is the main residence for which the borrower's objection is pending before the Competent Authorities for their non-inclusion in the ESTIA plan. and that “in any case of setting a date for the sale of a mortgage main residence in which the borrower concerned has lodged an objection to the rejection of his application for inclusion in the ESTIA plan, pending the decision of the Competent Authorities, banks and credit companies should their cancellation, pending the final outcome of the objection and therefore the full completion of the procedures of the ESTIA project “.

Pavlos Ioannou: File a complaint

Mr. Ioannou invites the interested borrowers, in the cases in which the sale of their main residence proceeds while a decision is pending on their objection for non-inclusion in ESTIA, n submit a specific complaint, following the legal procedures of the Office of the Financial Commissioner. “This complaint must be accompanied by a certificate that it is a main residence, that his application for inclusion in the ESTIA project was rejected, as well as a certificate that a decision on the objection is pending.” Thus, he adds, the Financial Commissioner will issue a decision to cancel the planned sale and/or set aside relevant procedures, provided that the conditions are met.

Source: www.philenews.com

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