- 28 Jun 2012 9:00 AM
If the number of homes offered for sale exceeds that target, homeowners will be selected based on criteria such as the number of children eligible for child benefits, the value of the property, the size of the loan and the number of people living in the household.
Debtors can stay in their homes after selling them to the MNV but must pay a low rent. The monthly rent for a Ft 10 million home will be Ft 12,500.
The MNV may cancel contracts with tenants if they fall more then 90 days behind on rent payments.
Source: Hungary Around the Clock
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