An Egyptian friend of mine has just purchased a property on a mortgage - and the Bank has performed due diligence, including all possible searches not for only for title, but to verify zoning, construction licences and permits, water rights, etc, etc - to a FAR greater extent than he would have been able or inclined to do for himself. I have purchased my properties without mortgage, but in a way I wish I had taken a mortgage, so that the Bank would have done all that work for me.
Where securing their collateral in Egypt is concerned, the banks are infinitely more sceptical than any individual buyer would be. They do the Full Monty, before lending.
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