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Tamweel may repossess properties in default

Posted on 18 May 2009

From .Thenational.ae: Tamweel, UAE’s largest home lender by volume, may become the first to sell repossessed properties once the legal process is complete.

Legal uncertainties have made mortgage lenders reluctant to hold forced sales or auctions in the past, as the system has never been tested……..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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