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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (206390)6/8/2009 7:19:23 PM
From: PerspectiveRespond to of 306849
 
<"While the company maintains more than adequate liquidity to support or repay this mortgage, we believe a conveyance of this hotel in settlement of the debt would be in the best interest of our stockholders," Chief Financial Officer Ken Cruse, said in a statement.>

And yet we'll chastise homeowners for choosing to walk away from their debts...

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