Heartbreaking scenes take place in Kastoria, where, during the confiscation of the Aeolis Hotel, the police treated its owner as if he were… John Dillinger.
Outside the hotel, a large group of police officers, led by a bailiff, began the process of seizing the hotel while the owners said their case was pending. An ambulance also arrived at the scene, presumably because the medics knew what would follow. As a result, the police pulled the owner, beat him and threw him on the sidewalk, and people got angry and began to shout “shame” and “loafers” at the police. The hotel owner’s mother was screaming for her son not to be beaten, and the elderly father was on the verge of a breakdown.
Of course, this is the “signal” given by the Mitsotakis government and the Supreme Court, which by a majority vote (56-9) ruled that debt management companies (servicers) can hold auctions as beneficiaries on behalf of funds, paving the way for mass auctions of the property of the so-called ” red” debtors, the number of which at the first stage is estimated at … 150,000!
The Supreme Court acted with unprecedented speed (neither the servicing companies nor, of course, the borrowers expected this) and, in fact, transferred the property of tens of thousands of Greeks to the funds. Thus, the delays and suspensions regarding the legalization of the actions of service companies have come to an end.
150,000 properties, mostly owned by debt management companies, are expected to be auctioned over the next three years, half of which will be residential and the other half commercial.
Of these auctions, at least 30% will be successful, which means that about 15,000 residential and commercial properties will pass into the hands of new owners every year.
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