It looks as if we have our first official default by a large-scale builder. Renaissance Ridge is being repossessed:
[googlemaps https://maps.google.com/maps/ms?msa=0&msid=114342892219156061045.000001125466a50ed6ac0&ie=UTF8&ll=44.050236,-121.337793&spn=0.059839,0.060382&iwloc=0000011254731d38a2b1b&output=embed&s=AARTsJrBKtIyvppgmgF0cQaSHolA-7mfoA&w=425&h=350]Here’s the official recording of the multi-million dollar default:
Props once again to the Bend Economy Bulletin Board for breaking the story.
LIV