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Loan Modification

: Mortgage Lender Implode-o-Meter

Dubai?s $330 Billion Deferred Buildings Impose Fees

By Implode-Explode Heavy Industries

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"Developers in Dubai are demanding that buyers like Turrin keep paying for homes that in some cases haven?t even been started. Builders in the emirate have delayed or canceled projects worth about $330 billion, Dubai-based market researcher Proleads estimates. The best performing real estate market in the world collapsed in 2008 after credit dried up, sparking defaults and forcing writedowns of land and property values."

Full post as published by Mortgage Lender Implode-o-Meter on April 12, 2010 (boomark / email).

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