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Loan Modification

: Mortgage Lender Implode-o-Meter

Fairfield Residential Files for Bankruptcy, Plans to Reorganize

By Implode-Explode Heavy Industries

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"The collapse of the real estate finance markets has prevented the San Diego-based company from refinancing its debt and ?choked off? the market for potential purchasers of its properties, it said in filings at U.S. bankruptcy court in Wilmington, Delaware, yesterday."

Full post as published by Mortgage Lender Implode-o-Meter on December 14, 2009 (boomark / email).

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