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However, when the rally took place just two weeks, the market almost suffered more clicks "knockouts" direct hit on investor sentiment as a series of large-scale defaults from a few hundred to all trillion was announced. Notably, most of the "debtor" as big as Nguyen Thi Minh Tam (SN 1961, Bac Ninh), Nguyen Thi Cuc (1976, Phu Xuyen), the couple Quang Quyen (town Phung ) ... are to be classified as a real estate agency in Hanoi. This is one group of participants rated "wave" local prices on the real estate market. According to the source agency investigative police, the reason that the debtor is entangled in labor management within the real estate market due difficulty, unsold goods purchased while the black credit gains by the day with the team. For example, the case of Nguyen Thi Cuc interest loans of VND3,000 / million / day, a total of 300 million days Cuc pay interest, and Nguyen Thi Minh Tam total interest paid 1 billion / day ... Due to loss Liquidity should be the "lord chổm" forcing declared insolvent. After the debtor was jailed investigative police agency, on the real estate market there was staggered by the pressure to sell off much of creditors is also a debtor of many. Because, systems specialist centipede legs collect money for "real estate magnate cheated" insidious borrowing this much money other clues. By the time, the line is broken to have money to pay for those loans, many "centipede legs" had to accept to sell off properties. This makes the market continued to depreciate and "freeze" on a large scale . Pham Nguyet Nga (director of real estate company Phat Loc - Le Van Luong) said, if the previous month plots have competitive price in the market is the housing office to collect immediately the virtually no trades. In Ha Dong District, recently also happened some scale defaults few dozen to hundreds of billion of which many owners housing office had made loans to the debtor. Now, these people still have to worry foreclosed rather not trade anything.
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