Ecuador law would forgive debt on defaulted mortgages of first-time buyers – Washington Post


Today’s THV
Ecuador law would forgive debt on defaulted mortgages of first-time buyers
Washington Post
QUITO, Ecuador — Ecuador's legislature has passed a law that would oblige banks to forgive any outstanding debt on mortgages to first-time home buyers of properties worth up to $146000 if they default and forfeit the home. The law would also apply to
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