jguru wrote:His properties and assets are heavily tied in trusts and charitable organisations. He's a clever lawyer. Nothing is ever in his name. Those debts have died with him.
Good for him/his family if this is the case. But I doubt things are as easy as you make them sound to be. You must borrow AGAINST something. This is not Moi's time when a politician could walk into National Bank with a note a get an unsecured loan!
Banks treat "political loans" as high risk and therefore not only charge a higher interest but also ensure that the security is water tight, highly valuable and easy to dispose. If the properties are in the name of companies and trusts then the loans must be in the names of those companies and trusts. No bank in this day and age - in Kenya - will give you a significant loan without proper security. Your chances are even worse if you are a politician!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.