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Loan Modification

: Mortgage Lender Implode-o-Meter

Las Vegas Hard Rock Casino Owners Seek to Block Feb. 7 Foreclosure Sale

By Implode-Explode Heavy Industries

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"Hard Rock Hotel entities had a 2007 loan agreement for $1.36 billion that was restructured in 2009. In January, a lender told the owners that they had breached covenants and on Jan. 28 sent a notice of its intent to dispose of the borrower?s equity interest in a public sale on Feb. 7, according to the complaint."

Full post as published by Mortgage Lender Implode-o-Meter on February 02, 2011 (boomark / email).

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