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One third of the people selling their estates because the inability to cover consumer loans

Article published from Focus Agency on 2009-07-22 01:30:00
Category: Properties in Bulgaria

An inquiry of Address Real Estate Company shows that 32% of people selling their estates are facing insolvency, caused by the unexpected loss of their job, their inability to cover the installments for their consumer loan or leasing etc. 17% of sellers find it difficult to repay a mortgage loan, The 24 Chasa Daily informs.

Mladen Mitov, analyst at Yavlena Real Estate Agency, commented that most banks look for a way to relieve their clients by offering deferred payment, renegotiating etc.

It would be a lot wiser of the client facing financial difficulties to look for a solution to the problem joining efforts with the bank, instead of trying to conceal himself, banks are not the enemy, since they truly have no interest in letting him "sink", representatives of UniCredit Bulbank explained. They added that banks have obligations towards clients that have opened deposits with them and must treat credits with responsibility. That is why they use every opportunity to maintain contact with customers that drew loans from them and look for a solution to their problem.
Source of the article Focus Agency 0/5 (0)
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