Good Finance Real Estate Agency Helps Foreign Currency Loans
Gresa, Good Finance’s chief executive officer, said at a credit institution’s press conference Thursday that Good Finance is also setting up its own “asset manager” to ease the concerns of foreign currency lenders.
this real estate company within the banking group
He said this real estate company within the banking group is expected to operate by buying the property at a market price from the troubled foreign exchange, the customer will have a lease, but they can also agree in advance to buy back the property.
Such an option can last for up to five years or even longer. Such a repurchase option is not expected to exist in the case of the National Asset Manager, said István Gresa.
According to the Chief Executive Officer
Such a company will be needed because real estate owners’ current concerns are only one reason for the soaring Swiss franc, but this may be due to the client’s possible long-term unemployment and, of course, the country’s general economic situation.
He also suggested that this new Good Finance company might be thinking of jointly selling the property with the property owner, and that this company could also sell real estate that was not mortgaged but used as a consumer loan, as the borrower, for example, lives in real estate.
No one can lose their apartment
Only those who do not want to work with the bank to solve the problem,” said Good Finance’s Chief Executive Officer.
Gresa underlined that the bank does not aim at auctioning homes, but is seeking an agreement with Good Finance whereby the bank also bears some of the burden. Those who do not cooperate, however, cannot be dealt with by the bank and remain in court, ”added István Gresa. The customer will have a lease, but they can also agree in advance to buy back the property.