Real Estate Developer

Housing Gross sales Rise 50% In 2018, However Liquidity Crunch Limits Recovery

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In a single common scheme, agents collude with property owners to promote houses after which race to petition judges that the sale should be invalidated as a result of the seller was briefly insane. Patrons lose their cash, sellers preserve the homes and sales agents — and judges who may be in on the scheme — pocket hundreds of thousands of rubles. Buyers might sue to reclaim their cash, however the asset which may be probably the most lucrative for recompense is the residence, and that is out of reach. Laws routinely shield homeowners in these type of disputes.

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