Ecuador law would forgive debt on defaulted mortgages of first-time buyers – Washington Post
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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 … Ecuador Banks' $1 Billion Fire Sale Cuts Assets' Value |
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