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Loan Modification

: Mortgage Lender Implode-o-Meter

First Commercial Fraudclosure Casualty? Stuy Town Foreclosure Auction Postponed

By Implode-Explode Heavy Industries

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``Tomorrow's foreclosure auction of bankrupt Stuyvesant Town (which will sell for less than half its cost) has been postponed, without any specific reason, leading some to believe that the residential title scandal may have spilled over into CMBS land''

Full post as published by Mortgage Lender Implode-o-Meter on October 13, 2010 (boomark / email).

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