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Amendments To The Law On Transfer And Mortgage Of Immovable Property
Recent amendments to Cyprus's Transfer and Mortgage of Immovable Property Law have introduced significant changes to the auction procedure for mortgaged properties. These legislative updates extend debtor rights by allowing more time to challenge mortgage debt and establishing mandatory minimum reserve prices for all property auctions. The reforms aim to strengthen protections for debtors facing foreclosure proceedings.
Cyprus Real Estate
GZ
George Z. Georgiou & Associates LLC
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