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Poll: banks giving mortgages to developers after a property is sold

fingerThere is currently, throughout Cyprus, a practice of Banks and other Lending Institutions lending money on  property they know to have been paid for by, and contracted to, someone other than the Builder/Landowner. As a result of these builders becoming bankrupt the purchasers’ properties are being auctioned by the banks in order to recover the debt.

This poll has been set up to see if the readers of NCFP would take any actions about this and, if so, what?

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