Many French leaseback owners took out mortgages with Credit Immobilier de France (CIF) as promoted to them by the developer eager to sell. But this is a bank the was bailed out by the French government and has not been able to lend anything since 2013 and Many owners have experienced an unresponsive bank ever since. Until the repossession order arrives on their doorstep. A Moody's report last year called out the poor lending practice, though it didn't care to mention the court cases in relation to France's biggest property scandal, l'Affaire Apollonia. Nor did it mention the human cost to over-indebted French leaseback purchasers. Read more...