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Sharia Law Real Estate Closing

Practice Area: Real Estate

Outcome: Closed a transaction under Sharia

Description: Under Sharia, interest may not be charged or paid. Therefore the transaction is set up as a co-ownership between the occupant of the property and the party with the funds. Documentation is someone different than a conventional loan and certain aspects of conventional lending do not apply. Successfully closed transaction despite two prior attorneys having resigned or been fired.

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