The second-largest real estate developer in China, China Evergrande Group, is facing a massive liquidity crisis that has sparked anger among investors and homebuyers. Evergrande’s financial troubles: The company’s years of borrowing have resulted in a colossal debt, amounting to over more than $300 billion, and a struggle to pay overdue bills and multiple wealth management products, reported the Washington …
Read More »Tag Archives: accused
Real estate agents in school land deal accused of inflating price
Two prominent Gainesville real estate agents were at the center of a controversial school board land deal – the first major purchase funded by a new half-cent sales tax – that resulted in the district buying a property last year for twice as much money as the land sold in late 2018, according to interviews and a review of hundreds …
Read More »