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Cethis
Posts:22

12/24/2008 9:39 AM	Alert
Its not worth going back and forth with Brian, Brian is in all the community forums, so it seems that he is very argumentative with all the projects in Downtown. So since he is not seriously considering one project, I will not respond, if you read through the postings, he banters with everything that is said.

Brian
Posts:4644

02/05/2009 9:48 AM

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Posted By rkf619 on 05/09/2008 9:39 AM
To Stella - Interesting that Corus Bankshares is the financial backer. This bank is hitting all time lows and is on everyone's list to go belly up due to its huge exposure to condo developers. I would think they are putting pressure on the developer to close deal - bargain hard!

It will be interesting how Corus bankshares deals with Aria as well as other condo developers.

Will we see the whole building in foreclosure?

Thomson Financial News

UPDATE 1-Corus Bankshares needs capital, sees no TARP money

02.02.09, 09:57 AM EST

NEW YORK, Feb 2 (Reuters) - Corus Bankshares Inc, hit hard by losses on condominium loans, said it might run short of capital, and that the U.S. Treasury Department plans to reject its request for a government cash infusion.

http://www.forbes.com/feeds/afx/2009/02/02/afx5995057.html

Brian
Posts:4644

05/14/2009 1:27 PM	Alert
Now $410/sf. $4,544.54 in defaulted property taxes. Just bought less than 1 year ago but can't afford to pay property taxes. humm..... Unit is now removed. The question is when will it be come a foreclosure? Parcel Number: 534-042-13-47 Property Location: 1441 #507 9TH AVE Purchase Price: $509000 Living Area: 1241 Bedrooms: 2 Bathrooms: 2 Document Date: 7-11-2008 MLS-090007050-1441_9th_507_San_Diego_Ca_92101

Brian
Posts:4644

05/14/2009 1:33 PM	Alert
Posted By Brian on 12/22/2008 1:50 PM # 1802 now $759,000 1441_9th_1802_San_Diego_Ca_92101 Parcel Number: 534-042-14-34 Property Location: 1441- 9TH AVE #1802 Purchase Price: $930000 Living Area: 1251 Bedrooms: 2 Bathrooms: 2 Document Date: 2-27-2008 look at the lawn chairs in the living room. Do you smell distress? $7075.85 in property taxes defaulted. They about just about 1 year ago but can't afford to pay property taxes..... Just wants to make you say humm...... And the bank who lent the money? Humm......

dvpcut
Posts:30

05/14/2009 1:46 PM	Alert
Posted By Brian on 05/14/2009 1:33 PM Posted By Brian on 12/22/2008 1:50 PM # 1802 now $759,000 1441_9th_1802_San_Diego_Ca_92101 Parcel Number: 534-042-14-34 Property Location: 1441- 9TH AVE #1802 Purchase Price: $930000 Living Area: 1251 Bedrooms: 2 Bathrooms: 2 Document Date: 2-27-2008 look at the lawn chairs in the living room. Do you smell distress? [/quote] $ The aero beds don't look particularly comfortably. This is one condo that would look better "un staged"

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