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FORECLOSURE

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Real Estate

Five Top Banks Looking For Buyers For 3,700 Foreclosed Homes

BCR, BRD, Banca Transilvania, Raiffeisen and CEC Bank, some of the largest lenders in Romania whose websites show information about foreclosed homes, are looking for buyers for about 3,700 such apartments and houses.

Loredana Frățilă-Cristescu · 11.12.2015 · 10:51 · 2 min
Tax Authority Starts Foreclosure Procedure On CE Oltenia Over RON24.8M Debts
Energy

Tax Authority Starts Foreclosure Procedure On CE Oltenia Over RON24.8M Debts

Romania's tax authority ANAF has started the foreclosure procedure on state-owned energy holding CE Oltenia to recover debts worth RON24.8 million to the state budget, ANAF said in a stateme...

Gabriela Stan · 20.10.2015 · 12:47 · 1 min
The Most Expensive Foreclosed Assets Up For Sale
Real Estate · banks are selling hundreds of properties

The Most Expensive Foreclosed Assets Up For Sale

The five most expensive properties put up for sale by BCR, BRD, Banca Transilvania and Raiffeisen Bank on their websites have starting prices of almost EUR50 million.

Loredana Frățilă-Cristescu · 26.06.2014 · 02:02 · 3 min
Energy

AutoMat Gas Stations Auctioned Off To Braila-Based Company For EUR2M

The AutoMat gas station chain has been bought at auction by Braila-based Comision Trade for over EUR2 million, a much higher financial bid than offered by Azeri oil company SOCAR, sources on...

Oana Gavrila · 28.05.2014 · 16:09 · 1 min
BRD Seeks Buyers For Two Hotels
Banks-Insurance

BRD Seeks Buyers For Two Hotels

BRD is foreclosing on one of the largest hotels of Azuga, Cautis, and the starting price of the four-star unit stands at 12.8 million lei (EUR2.9 million).

Catalina Apostoiu · 03.04.2014 · 14:31 · 1 min
Volksbank Romania Files Foreclosure Lawsuit Against Politician Dan Diaconescu
Banks-Insurance

Volksbank Romania Files Foreclosure Lawsuit Against Politician Dan Diaconescu

Lender Volksbank Romania has recently filed a foreclosure lawsuit against politician Dan Diaconescu for a loan of over EUR2.3 million.

Ioana Tudor · 14.03.2013 · 15:58 · 1 min
BCR Suspends Foreclosure Auction On Shopping Center Cocor
Retail&Consumer

BCR Suspends Foreclosure Auction On Shopping Center Cocor

Romanian lender Banca Comerciala Romana (BCR) has approved the suspension of foreclosure procedures targeting Bucharest shopping center Cocor, the owner of the mall said in a statement Thurs...

Ioana Tudor · 06.12.2012 · 17:45 · 1 min
BCR Fails To Auction Off Shopping Center Cocor
Capital Market

BCR Fails To Auction Off Shopping Center Cocor

Romanian lender Banca Comerciala Romana (BCR) has recently failed to sell Bucharest shopping center Cocor, as no bidder was present at the auction.

Ioana Tudor · 20.11.2012 · 19:36 · 1 min
Prices Of Romanian Foreclosed Homes Fell 50% Due To Lack Of Buyers
Real Estate

Prices Of Romanian Foreclosed Homes Fell 50% Due To Lack Of Buyers

Romanian banks and legal executors have adopted a more aggressive sale strategy in September and in some cases reduced the prices of foreclosed homes by up to 50%.

Ioana Tudor · 14.09.2012 · 13:09 · 1 min