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Loan Modification

: Mortgage Lender Implode-o-Meter

Snowmass Ski Resort Foreclosure Crystalizes Hypo's U.S. Real Estate Woes

By Implode-Explode Heavy Industries

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"The resort?s fate is a microcosm of all that has gone wrong for the bank as it handed out more than $8 billion to finance U.S. real estate projects during the property bubble. They include the Landmark, a luxury condominium and retail development near Denver, and a stalled hotel-condominium project in Phoenix. "

Full post as published by Mortgage Lender Implode-o-Meter on August 25, 2010 (boomark / email).

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