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Real Estate & Property Law

: The Home Equity Theft Reporter

Downtown Chicago Condo Developers Stuck With Slow Moving Inventory Lean On Lenders' Leniency To Avoid Default, Foreclosure

By r morris

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In Chicago, Illinois, Crain's Chicago Business reports: Chicago's downtown condominium developers got all the loans they wanted during the real estate boom. Now they're asking lenders for something else: time.A growing number of high-rise developers, including Donald Trump, have sought or already received extensions on construction loans coming due. Absent any breathing room from banks,

Full post as published by The Home Equity Theft Reporter on December 16, 2008 (boomark / email).

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