Deprecated: Required parameter $zip_path follows optional parameter $full in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php on line 985 Warning: Cannot modify header information - headers already sent by (output started at /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php:985) in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-includes/rest-api/class-wp-rest-server.php on line 1758 Warning: Cannot modify header information - headers already sent by (output started at /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php:985) in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-includes/rest-api/class-wp-rest-server.php on line 1758 Warning: Cannot modify header information - headers already sent by (output started at /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php:985) in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-includes/rest-api/class-wp-rest-server.php on line 1758 Warning: Cannot modify header information - headers already sent by (output started at /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php:985) in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-includes/rest-api/class-wp-rest-server.php on line 1758 Warning: Cannot modify header information - headers already sent by (output started at /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php:985) in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-includes/rest-api/class-wp-rest-server.php on line 1758 Warning: Cannot modify header information - headers already sent by (output started at /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php:985) in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-includes/rest-api/class-wp-rest-server.php on line 1758 Warning: Cannot modify header information - headers already sent by (output started at /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php:985) in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-includes/rest-api/class-wp-rest-server.php on line 1758 Warning: Cannot modify header information - headers already sent by (output started at /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-content/plugins/unyson/framework/extensions/backups/includes/module/tasks/class--fw-ext-backups-module-tasks.php:985) in /customers/d/3/c/gregoryhansonavocat.com/httpd.www/wp-includes/rest-api/class-wp-rest-server.php on line 1758 {"id":6724,"date":"2020-12-31T18:08:39","date_gmt":"2020-12-31T16:08:39","guid":{"rendered":"http:\/\/gregoryhansonavocat.com\/?p=6724"},"modified":"2021-01-01T12:16:35","modified_gmt":"2021-01-01T10:16:35","slug":"france-mortgage-coronavirus","status":"publish","type":"post","link":"https:\/\/gregoryhansonavocat.com\/2020\/12\/31\/france-mortgage-coronavirus\/","title":{"rendered":"France – mortgage – Coronavirus"},"content":{"rendered":"\n

Investors have purchased property in France through a mortgage.<\/p>\n\n\n\n

Many investors are having difficulties to pay the instalments due to the ongoing epidemic.<\/p>\n\n\n\n

Non-payment of mortgage instalments is a breach of contract.<\/p>\n\n\n\n

Banks will attempt to terminate lease based on this non-performance and claim for reimbursement of capital and interest still due, plus penalties.<\/p>\n\n\n\n

Further, some mortgage contracts contain stipulations authorising the mortgagee to ask for a holiday period usually up to 6 months.<\/p>\n\n\n\n

Another option exists under article L.313-12 of French Consumer Code, the \u201cTribunal Judiciaire\u201d<\/em> (civil court for petty claims) can suspend payment of mortgage<\/strong> instalment and interest<\/strong> for a maximum period of two years<\/strong>.<\/p>\n\n\n\n

The Judge will order this holiday period if the investor can prove that holiday can help to overcome his temporary financial difficulties.<\/p>\n\n\n\n

This could mean for instance: replacement the management company by a new non-defaulting one, the investor\u2019s financial situation improves (i.e. new employment) or the property is sold.<\/p>\n\n\n\n

Once the holiday period has been granted the investor\/debtor is in a stronger position to negotiate a long-term solution with the bank.<\/p>\n\n\n\n

Each case is different; investors face this kind of difficulty should contact the practice.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors have purchased property in France through a mortgage. Many investors are having difficulties to pay the instalments due to the ongoing epidemic. Non-payment of mortgage instalments is a breach of contract. Banks will attempt to terminate lease based on this non-performance and claim for reimbursement of capital and interest still due, plus penalties. Further, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/posts\/6724"}],"collection":[{"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/comments?post=6724"}],"version-history":[{"count":1,"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/posts\/6724\/revisions"}],"predecessor-version":[{"id":6726,"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/posts\/6724\/revisions\/6726"}],"wp:attachment":[{"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/media?parent=6724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/categories?post=6724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gregoryhansonavocat.com\/wp-json\/wp\/v2\/tags?post=6724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}