Distressed Housing Loans
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About this ebook
There are simple steps to follow. There are specific steps to follow. Anyone can follow these steps, to save time and money, but most importantly protect his house and property.
The present guide-book provides you with a Solution Basket, to choose the solution that best fits your case. It provides you with all the necessary information, so that you understand why a bank may actually write off part of your debt, how will you reach the optimum solution, but also what should you pay attention to before entering a new contract.
Work out your own tailor-made solution and effectively negotiate with the bank.
Save time and money, but above all protect your house and dignity.
Costas Kokkinos
Costas M. Kokkinos has studied Business Administration at the Athens University of Economics and Business and has long professional experience in the financial sector. For 35 years he held top management positions in banks, insurance companies, investment, brokerage and auditing firms. Currently, he works as a Consultant and is the Director of Lifestream Ltd Consulting Services. Also, he serves as a Member of the Board of Directors of Archbishop Makarios III Foundation in Cyprus (2009-present) and as a Diocesan Commissioner of the Enthroned Commission of the Archdiocese of Cyprus (2013-present).For the period 2002-2011 he served as Managing Director, General Manager and Member of the Board of Directors in Alpha Bank Cyprus Ltd.
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Book preview
Distressed Housing Loans - Costas Kokkinos
BANKING FOR NON BANKERS: DISTRESSED HOUSING LOANS
COSTAS KOKKINOS
Published by Costas Kokkinos at Smashwords
Copyright 2014 Costas Kokkinos
Translation: Georgia Kokkinou
Publishing Coordinator: Michalis Roussos
Cover-page: Vassilis Dimitros
ALL RIGHTS RESERVED. This book is protected under Greek Law 2121/1993 (and its amendments, as currently in force) and under the International Copyright Treaties. It is strictly prohibited to copy, photocopy, reproduce, lease or lend, translate, revise or make available to public in any form or by any means (electronic, mechanical or other) or by any information storage and retrieval system this book or part of it, without express written permission from the author.
Smashwords Edition, License Notes
This ebook is licensed for your personal use only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to your favorite ebook retailer and purchase your own copy. Thank you for respecting the hardwork of this author.
CONTENTS
About the Author
Dedication
1. Preface
2. Who is the book aimed at
3. The aim
4. What is the current situation
5. I won't pay, I won't pay, no way
6. To reach your destination, you need to know where you are going
7. How to calculate your monthly instalment – based on your expenses
8. Solution Basket
9. Why is it in the bank’s best interest to offer you a favorable loan restructuring
10. What to know before signing a New Contract
11. Work out your own tailor-made solution
12. How to negotiate
Afterword
Acknowledgements
Connect to Costas Kokkinos
About the Author
Costas M. Kokkinos has studied Business Administration at the Athens University of Economics and Business and has long professional experience in the financial sector. For 35 years he held top management positions in banks, insurance companies, investment, brokerage and auditing firms. Currently, he works as a Consultant and is the Director of Lifestream Ltd Consulting Services. Also, he serves as a Member of the Board of Directors of Archbishop Makarios III Foundation in Cyprus (2009-present) and as a Diocesan Commissioner of the Enthroned Commission of the Archdiocese of Cyprus (2013-present).
In particular, during the period 2002-2011 he served as Managing Director, General Manager and Member of the Board of Directors in Alpha Bank Cyprus Ltd. During the same period he served as:
Managing Director in Alpha Trustees Limited (2005-2011), Alpha Finance Limited – brokerage firm (2005), Alpha Asset Finance Limited – hire-purchase company (2005-2006);
Chairman and Member of the Board of Directors in Alpha Insurance Cyprus Ltd (2005-2011), Alpha Trustees Limited (2005-2011), Alpha Finance Limited – brokerage firm (2005);
Member of the Board of Directors of Alpha Asset Finance Limited (2002-2006);
Director Alpha Group Investments Ltd (2006-2010) and Ionian Equity Participations Ltd – investment firm (2006-2010); and
Chairman of the Board of Directors of the Cyprus Bankers Employers' Association (2007-2008) and the Association of Cyprus Banks (2008-2009). Also, he served as Member in the BoD of both