Description
Abstract
This project is on assessment of the performance of mortgage institute of real estate development. Real property development is the application of capital managerial skill and entrepreneurial activities to the economy of land resources development whose form is subordinate to the constraint imposed on it by nature. The research carried out during project work revealed some of the problems facing the financial institutions in real property development which are problems arising from the mortgagor side which include non-repayment of borrowed loan by the mortgagor. Secondly, the problem arising from the mortgage sides are the financial problem and government policy. The major role of the financial institution is to examined based on the provision of a home construction loan to individual and estate developers. Recommendations were given in order to alleviate some of the mentioned problems which include the enlighten of the public of function of financial institutions, the enforcement of government regulation, monitoring of mortgage loan and lastly good human relationship should be encouraged.
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