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Why lenders go for foreclosure as a last option in the event of default

REAL ESTATE

Some banks and financial institutions shy away from the remedy after the amendment of the Indian Transfer of Property Act, applied locally.

Why lenders go for foreclosure as a last option in the event of default

By Harold Ayodo | 2 months ago

Building your home, one paycheck at a time

Building your home, one paycheck at a time

Owning a home is the classic Kenyan dream, and the economic benefits of homeownership are immense, yet it is a luxury very few can afford. Reports show that Kenya faces an acute shortage of affordable housing and a low level of urban home ownership. The Vision 2030 document warns that this is set to worsen since majority of Kenyans are below 25 years and demand for houses will rise significantly as they start settling down.

| 12 years ago

Legal options when State takes over private property

Investors have for a long time been at loggerheads with the Government for allegedly taking over their property without notice. Both foreign and local investors have on several occasions moved to the High Court seeking orders to re-possess property disinherited by the State.

| 12 years ago

‘Why Kenyan real estate is in a slowdown’

n this case then, Hassanali says, the bank suddenly has all these properties that it has to massively discount to sell.

Ferdinand Mwongela | 1 year ago

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