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Article: Condo owners to get loan deferment.
- Article from:
- Yomiuri Shimbun
- Article date:
- November 28, 2005
CopyrightCOPYRIGHT 2005 The Yomiuri Shimbun. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nov. 28--TOKYO -- Residents of housing blocks built on falsified earthquake-resistance data who took out loans with the governmental Housing Loan Corporation to purchase their now unlivable homes, will be allowed to defer their loan payments, according to Construction and Transport Ministry officials.
This will be the first step the government has taken to help those living in 230 condominiums in question. However, only 14 of the households, or about 6 percent, of them took out loans with the governmental lender.
Thus, the ministry is also looking into possibly assisting residents who borrowed from private financial institutions, the officials said.
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