"Historic judgment": EU court declares millions of loan agreements to be unlawful
(translate.google.com)
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Is the bank still considered the owner in this case? I don't know who technically owns a house still under mortgage, but assuming it's the bank I doubt the EU is looking to allow foreclosures when a debtor cancels a loan. If that's not made clear in the decision they're looking at a massive legal mess that the EU Court will have to rule on at some point, and everyone knows how they will rule. It looks like they throat cut the mortgage industry.
Mortgages are excluded from the ruling.