JKL

[Okiya]

I think he's playing smart.
When you buy a property on mortgage for say Kshs 30million but the market gets depressed so bad that the same property goes for Kshs 15milion, the best way out is to default and tell the bank to take back their asset. Why continue paying for an overvalued asset?

 

[Ngimanene na Muchere]

Kwani boys club can't bail him out.... Ama hatoshi mboga kucheza ligi sio yake? Na hajalipa rates for a couple years

 

[shocks]

can they try recover the difference from your other assets? @Ice_Cube pitia hapa

 

[Mwendawazimu]

Pole kwake....

I thought cheques for above 1m zilikataliwa.hapa naona wanadai ya 5m ka deposit...
@RANDY $ unaweza gat design+plans za keja kama hiyo ? How much??

 

[Ubongo]

But by the time of the agreement , everyone was going for real estate. The economy had a lot of circulating money , remember even piracy money was also in circulation. Currently, very few have disposable income.
Jeff amefanya hesabu yake

 

[Nattydread]

can they try recover the difference from your other assets? @Ice_Cube pitia hapa

No. Their collateral is what you agreed.

 

[RANDY $]

Pole kwake....

I thought cheques for above 1m zilikataliwa.hapa naona wanadai ya 5m ka deposit...
@RANDY $ unaweza gat design+plans za keja kama hiyo ? How much??

Yep, we will be building something similar to this once this mess is over nitakutmia renders inbox.

 

[Anglututu]

It is confirmed many are living beyond their means, though this could have been an investment.

 

[Nattydread]

Truth is if that land is 0.5 to 1 acre, the buyer will still have a bonanza. It's not about that pretty boring development, pseudo modern structure that quite well depicts Jeff's phony, slippery character nowadays.

 

[It's Me Scumbag]

But by the time of the agreement , everyone was going for real estate. The economy had a lot of circulating money , remember even piracy money was also in circulation. Currently, very few have disposable income.
Jeff amefanya hesabu yake

Amefanya hesabu ama amefanyiwa?

 

[Ubongo]

Amefanya hesabu ama amefanyiwa?

With the current unpredictable economic turmoil, ameona aipeane tu ,kumbuka pia mshahara amekatwa juu ya covid.
But niulize mali ya senior Koinange yenye huwa na dispute kwa makoti ,yeye huwa kwa hesabu?

 

[ShabbaRanks]

Pole kwake....

I thought cheques for above 1m zilikataliwa.hapa naona wanadai ya 5m ka deposit...
@RANDY $ unaweza gat design+plans za keja kama hiyo ? How much??

What bank will refuse a transaction from a relative of macho nyanya?

 

[Ngimanene na Muchere]

Boys club na vile wako na mabillioni.... Hawangemskumia kakitu?

 

[kibinda nkoye1]

Boys club na vile wako na mabillioni.... Hawangemskumia kakitu?

You are assuming that its being auctioned because he is not able to pay? Wrong, he does not want pay!

 

[Ice_Cube]

can they try recover the difference from your other assets? @Ice_Cube pitia hapa

No way

 

[shocks]

With the current unpredictable economic turmoil, ameona aipeane tu ,kumbuka pia mshahara amekatwa juu ya covid.
But niulize mali ya senior Koinange yenye huwa na dispute kwa makoti ,yeye huwa kwa hesabu?

His mum was the youngest wife, very likely the older half siblings wamecheza shafu mbaya

 

[Internet]

can they try recover the difference from your other assets? @Ice_Cube pitia hapa

The property and the deposit are usually the collateral. You never have to include title deeds of other properties. But if your bank account in that bank has any money they will not allow you to withdraw it after defaulting on the mortgage

 

[Ramiran]

But niulize mali ya senior Koinange yenye huwa na dispute kwa makoti ,yeye huwa kwa hesabu?

Hio disputed hua ni moja ya zile MVP, most valuable properties za hio family.
Kuna mtu hapa anajua story ya lands za hao.

Ati Jeff ata akipoteza kilakitu arudi home kwa mum na pati pati, itachukua weeks kutokelezea tena na millions from sale of this or that from the vast inheritance.