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Old 05-12-2007, 08:13 AM
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dave99 dave99 is offline
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Join Date: Mar 2007
Location: North of London - UK
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Default Mortgage or personal loan

"All banks in Egypt offer loans on property, non offer mortgages because in Egyptian Law,should the borrower default on payments,the lender has no rights to reposses the property."

Hi Andy

What is the difference between a "loan on property", and a "mortgage" in Egypt.

Any idea what the exact Egytian LAW number is that covers this issue please.

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