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Foreclosure roundup: City Park Aventura loses $18M foreclosure – took the northern Palm Beach County property on June 21 from Cornerstone Tequesta in a transaction valued at $9.1 million. In 2006, the old BankUnited FSB gave the developer a $21.2 million.
Why This Real Estate Bust Is Different – The resort defaulted on the $190 million underlying loan in 2009-a hit that alone could largely wipe out investors who bought the riskier pieces of the Goldman mortgage-backed securities. to.
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