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Loan Modification

: Mortgage Lender Implode-o-Meter

Dubai's Next Luxury Megahotel Is 'Heavily Behind Schedule' As Funding Dries Up

By Implode-Explode Heavy Industries

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``A local realtor warns that "the Palazzo Versace is heavily behind schedule... What we hear is that project funding is blocked [and] completion dates have been postponed," according to Arabian Business. Meanwhile there's no sign of a recovery in the real estate market, where 40% of homes are vacant, or the stock market, which sits near seven-year lows.''

Full post as published by Mortgage Lender Implode-o-Meter on March 09, 2011 (boomark / email).

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