Hungary extends moratorium on foreclosures by Jul 1.

By bne IntelliNews April 12, 2011
The government decided to extend until July 1 the moratorium on foreclosures from the previous deadline April 15, MTI news agency reported, quoting government spokesperson Anna Nagy. In mid-March, the parliament endorsed a proposal of the ruling party Fidesz and extended to the same date the eviction freeze. Thus, people with default on mortgage loans will be protected from legal actions, until the government and the bank association take a final decision on the planned assistance package, Nagy added.

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