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Loan Modification

: Loan Modification & Home Loan News

Citing costs, associations and lenders shun property receivers

By Moe Bedard

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It’s a familiar scenario: a developer or owner is seriously underwater, past the point of return, and applies to the court to appoint a receiver to help. But as banks become more and more concerned about their balance sheets, and troubled condo associations simply can’t afford to pay them, receivers are beginning to look like [...]

Full post as published by Loan Modification & Home Loan News on July 19, 2010 (boomark / email).

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