Hundreds of Jewish realty owners throughout Germany are in danger of losing their property as a result of sudden demands for redemption of mortgages made this week by banks and State-controlled credit institutions, Jewish newspapers reported today.
According to the newspapers, the mortgages have been called for redemption before the end of the year.
The demands, the papers reported, have been motivated by the desire of public banks and credit institutions to terminate relations with Jewish clients.
While a number of the realty owners are in a position to raise funds to meet the sudden demands, it was stated, the majority of them, particularly those living in provincial districts, are not so fortunate.
The newspapers suggest that responsible Jewish organizations do their best to secure credit for the realty holders affected in order to prevent foreclosures. They also offer a plan to mobilize the liquid capital of Jews who have previously been forced to sell their commercial enterprises, utilizing such funds as credits for the property owners.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
