All auc­tions to be on­line by April

Kathimerini English - - Focus - EV­GE­NIA TZORTZI

All prop­erty auc­tions are grad­u­ally be­ing trans­ferred to the on­line plat­form. Al­ready 1,341 auc­tions – mainly by banks, and a few by in­di­vid­u­als – have been trans­ferred to the elec­tronic sys­tem.

The cur­tain on phys­i­cal auc­tions at courts will of­fi­cially fall on Fe­bru­ary 28, af­ter which all fore­closed as­sets will have to be auc­tioned on­line.

To fa­cil­i­tate the trans­fer, a spe­cial clause in the om­nibus law at the start of the year re­quires that par­ties calling auc­tions must in­form the ju­di­cial au­thor­i­ties about the change in the way the process will be im­ple­mented (from the court­house to the on- line plat­form) within 20 days of the sale, in­stead of three months.

The gov­ern­ment’s aim is to see through the com­plete shift to on­line auc­tions within the first quar­ter of the year, or at least to bring the bulk of them to the elec­tronic plat­form.

The is­sue of auc­tions was dis­cussed yes­ter­day be­tween Pres­i­dent Prokopis Pavlopou­los and the head of the Hel­lenic Bank As­so­ci­a­tion, Nikos Karamouzis, with the lat­ter stat­ing that fore­clo­sures are the last tool banks use. “It is not pleas­ant for us, but this way we also send a mes­sage to strate­gic de­fault­ers,” Karamouzis said.

Pres­i­dent Prokopis Pavlopou­los (r) and the head of the Hel­lenic Bank As­so­ci­a­tion, Nikos Karamouzis.

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