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Taylor Wimpey May Sell N. America Assets for Less Than Planned

By Implode-Explode Heavy Industries

"Taylor Wimpey is in talks to sell the Scottsdale, Arizona- based unit, Taylor Morrison Inc., and values its net assets at 500 million pounds to 600 million pounds ($806 million to $968 million), Chief Executive Officer Peter Redfern said in a Jan. 18 interview. Today, a report showed that residential real- estate prices in the U.S. fell in the 12 months to December by the most in a year."

Full post as published by Mortgage Lender Implode-o-Meter on February 22, 2011 (boomark / email).