Yet another regional real estate builder/developer goes bad, ala Erpenbeck Builders in Cincinnati.
To: hoosier_RW_conspirator
He is also planning on running for Congress.
2 posted on
02/21/2005 1:59:04 PM PST by
Patrick1
To: hoosier_RW_conspirator
"Some of the homeowners are also victims. They've unwittingly bought houses that have liens on them. Some of the homes have several liens."
The homeowner - or the title insurance company?
3 posted on
02/21/2005 2:03:48 PM PST by
RobRoy
(They're trying to find themselves an audience. Their deductions need applause - Peter Gabriel)
To: hoosier_RW_conspirator
5 posted on
02/21/2005 2:08:25 PM PST by
hoosier_RW_conspirator
("Our inventories are steeped in capability." -- AVatian)
To: hoosier_RW_conspirator
The victims were several banks, notably First Indiana Bank, which the US attorney says lost more than $6 million. With that kind of money and with the speed at which deposits clear now, there is no way these banks are victims. They had to have had employees that looked the other way and/or were hoping the other bank would loose. I'd bet they had loans to loose as well.
7 posted on
02/21/2005 2:20:49 PM PST by
Raycpa
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