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What?s To Be Done With The Nation?s Ghost Towers?

By Implode-Explode Heavy Industries

"In the city of Tempe, AZ, a failed condominium project dominates the skyline, a monument to the housing bust and the stupidity of man. The project is closely linked with Mortgage Ltd., the company who's owner Scott Coles committed suicide. Mortgage Ltd., is also infamous for the problems with it's backer, Radical Bunny. Last week the project was offered at a foreclosure auction for $8 million and not surprisingly, there were no takers"

Full post as published by Mortgage Lender Implode-o-Meter on April 12, 2010 (boomark / email).