The internet platform that greek Government has created about the protection of main residence opened on Monday morning (01.07.2019) providing access to the public at the Ministry of Economy and Development in Greece.

Based on the procedure, after submitting the application to the platform, the banks will submit the settlement proposal within a month. The borrower will then have one month to decide whether he or she wishes to be subject to the regulation based on the banks’ proposal and then sign the relevant contract and the subsidy process begins.

In the event that it deems it not advantageous, the banks’ proposal may go to court. If it is not eligible, the borrower is required to submit an application to the court within 15 working days to settle his loan. The borrower who is considered eligible will be able to receive the public subsidy which ranges from 20-50% of the installment, over a period of 25 years. The fair value of the house should not exceed 250,000 euros and the annual income 36,000 euros.
Our φιρμ, having successfully handled more than 10,000 applications for inclusion in Law 3869/10 (Katseli Λaw) and more than 5,000 out-of-court applications for red loan settlement with all banking institutions in Greece, has the know-how and experience to secure and final settlement of your debts. We undertake the full process of joining Law 4605/19 and protect your property from auctions.