The Office of the Financial Ombudsman Paul Ioannou announced that an auction of a borrower's property by KEDIPES scheduled for April 4 has been cancelled.
As stated in a briefing note, the Financial Ombudsman's actions were taken following a letter received from the interested party, who, among other things, informed that he himself had found a buyer for the property at a better price, that an appeal was pending before the Court and that he would find himself in a "bad financial situation" if he did not sell the property himself.
According to Mr.
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