From Wikipedia, the free encyclopedia

Real Estate Crash

This building, which came on the market at the bottom of the real estate crash in 2009, helped cause the failure of Corus Bank when its $144 million loan was not paid. The US gov't confiscated the property and sold it back to new realtors at 60% of the original market value. The price of a starter condo dropped from $400,000 to $169,000.

Ryoung122 19:08, 9 November 2011 (UTC) reply

From Wikipedia, the free encyclopedia

Real Estate Crash

This building, which came on the market at the bottom of the real estate crash in 2009, helped cause the failure of Corus Bank when its $144 million loan was not paid. The US gov't confiscated the property and sold it back to new realtors at 60% of the original market value. The price of a starter condo dropped from $400,000 to $169,000.

Ryoung122 19:08, 9 November 2011 (UTC) reply


Videos

Youtube | Vimeo | Bing

Websites

Google | Yahoo | Bing

Encyclopedia

Google | Yahoo | Bing

Facebook