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Breaking News: Largest RE Bankruptcy Filing in History

By: Myles, April 16th, 2009

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General Growth Properties, Inc. (GGP) has filed for Chapter 11 federal bankruptcy protection to reorganize, making it the largest real estate bankruptcy in U.S. history.
One April 6, 2009 (just 10 days ago), we highlighted the fate of GGP. We posed the question: How close does, […]

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Posted in Bankruptcy, Economy, Cresession, Developers, Market Trending, Commercial Real Estate | No Comments »

More Loan Modifications on the Way

By: Myles, January 5th, 2009

As we suggested in this Blog on November 7, 2008, democrats are once again planning to reintroduce legislation that would allow bankruptcy judges to modify the terms of troubled borrowers’ loans — a move that industry opponents say will lead to higher interest rates and down payments for all borrowers.
Rep. Brad Miller, D-N.C., said he […]

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Posted in Foreclosures, Bankruptcy, Economic Stimulus, Subprime, Historical Perspective, Market Trending | No Comments »