November 13, 2007

Miami condo at ground zero in mortgage fraud (Reuters)

The Club at Brickell, a 643-unit condominium building is shown in Miami November 1, 2007. The Club at Brickell is a leader in mortgage foreclosures and it appears also to stand at ground zero in a blizzard of fraud that may lie behind many of the failed loans threatening to bury the U.S. property market. (Joe Skipper/Reuters)Reuters – At first glance, the 43-story building in
Miami’s international banking district seems little different
from other high-rise condominiums overlooking the turquoise
waters of Biscayne Bay.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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