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Loan Modification

: Mortgage Lender Implode-o-Meter

Real estate developers forced to file personal bankruptcy as loan guarantees on failed projects hit home

By Implode-Explode Heavy Industries

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"Personal bankruptcies were relatively rare during the real estate collapse of the early 1990s, making the rising number of such cases a sign of how much worse the current downturn is. For these developers, the blot of bankruptcy likely will complicate any hope of a career rebound."

Full post as published by Mortgage Lender Implode-o-Meter on June 07, 2010 (boomark / email).

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