Some conventional and Islamic banks in the UAE have started filing cases against mortgagors of foreclosed properties in order to recoup their losses, 'Emirates24|7' has learnt. "Banks (conventional and Islamic) have started to file cases to recover their losses from mortgagors if the losses are huge and they are certain that the mortgagor has assets that can be attached. Some of our clients have filed cases against the mortgagors,” Mazen Boustany, Head of Banking and Finance at Habib Al Mulla & Company, told this website.

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