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Yes, they will come after your other property. They must take you to court and get a judgment to do it. They’ll only get a deficiency judgment if the home sells for less than the fair market worth BUT should you do not show as much as court, it is likely that the judge will decide within the financial institution’s favor. You need to get an appraisal done to take with you so you’ll be able to prove the worth.
If you invest on this seaside villa in Cyprus, it is possible for you to to relax on the sandy beaches, but also engage in a variety of activities, comparable to mountain mountaineering and biking, summer festivals, golf and many more. The nearby centre of Polis Chrysochous will equip you with something you need from colleges, supermarkets, and shops to restaurants, and conventional fish taverns. The neighboring villages still preserve the Cypriot traditions, which perfectly contrast with the contemporary way of life of Paphos.
Determine potential problems and issues that your potential purchaser would possibly discover about your property so to prepare counter measures. You need to be able to determine all objections that may come up and know the right way to handle those objections. If you’re too emotional to do it yourself possibly due to sentimental worth of the property have a professional actual property broker deal with it for you.