The European Central Bank has foreclosed on Greece. The country’s residents have been given 48 hours to vacate the property.
According to the bank, Greece has failed to meet its loan payments despite repeated reminders. The Greek government said it will fight the action, and claims that it has been trying to renegotiate its loan for some time but the Central European Bank keeps losing the paperwork.
The property will be put up for auction as soon as it is vacated. Foreclosure signs are being posted in Greek airports and ports.
“This is a prime piece of real estate with a spectacular view of the Mediterranean, spacious olive groves, and antique furnishings throughout,” said Location & Location, the agent appointed to sell the property.
A number of buyers have shown interest in the sale, including several overseas investors who want to renovate the country and flip it.
Photo: Wikimedia
“I don’t understand: We still have checks.”
Ha, it is one big public asset awaiting sale. Luv this.
Yes, I hear that a nice fixer-upper called the Acropolis is part of the deal
I wouldn’t mind taking a shot at buying Greece. Is there a minimum credit score required? 🙂
Not sure about the credit score requirements, Donna, it’s all Greek to me