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Loan Modification

: Mortgage Lender Implode-o-Meter

In D.C., more evidence that commercial real estate headed for foreclosure crisis

By Implode-Explode Heavy Industries

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``In Washington, the number of troubled properties has multiplied at a phenomenal rate, with the value growing from only $13 million in 2007 to $40 billion now, according to CoStar Group, a Bethesda real estate research company. The region trails only South Florida and metropolitan New York in the per capita value of commercial real estate assets in foreclosure, default or delinquency, according to the research group Real Capital Analytics. ''

Full post as published by Mortgage Lender Implode-o-Meter on February 21, 2010 (boomark / email).

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