As debate continues over changes to foreclosure laws and Parliament races to pass legislation that will reshape the framework, the Mortgage to Rent scheme has once again come into focus. Officials are considering reactivating the program for two to three months to allow more borrowers to participate. This move could also make room for a targeted suspension of foreclosures tied to loans within the program’s scope. While nothing has been confirmed yet, such a step appears likely.
On Thursday, Finance Minister Makis Keravnos moved quickly to submit two bills that, he said, are designed to protect citizens by strengthening existing institutions. With this move, the government aims to introduce changes to the foreclosure…