Repossession?
Posted: Tue May 09, 2017 2:12 pm
Dear all, any advice/experience in this matter appreciated...
Long story/short - Alpha Bank (swiss franc loan) lived here for 11 years and this is my only residence. I was laid off last year from a managerial position abroad and used my savings to live on since then - 3 contracts signed and fell through and cannot find work in Cyprus, no welfare due to previous employers here not paying the social insurance. So now I find out the bank wants to repossess my apartment.. I don't have family or anywhere to go and to be honest am in shock. I have no idea what happens next or what to do - I just thought maybe someone out there might have been through or know someone who has been through this! I have always been honest with bank about my situation but they now say they can't restructure so will start proceedings... Devastated. Any advice?
Long story/short - Alpha Bank (swiss franc loan) lived here for 11 years and this is my only residence. I was laid off last year from a managerial position abroad and used my savings to live on since then - 3 contracts signed and fell through and cannot find work in Cyprus, no welfare due to previous employers here not paying the social insurance. So now I find out the bank wants to repossess my apartment.. I don't have family or anywhere to go and to be honest am in shock. I have no idea what happens next or what to do - I just thought maybe someone out there might have been through or know someone who has been through this! I have always been honest with bank about my situation but they now say they can't restructure so will start proceedings... Devastated. Any advice?