A crazy deal took moving mountains while filling a sinkhole
A crazy deal took moving mountains while filling a sinkhole
When you’ve plied your trade as long as I, you see some nutty stuff. Today, I thought it would be fun to share one of those transactions with you.
First, a bit of background.
Once there were lending institutions known as Savings and Loans or commonly S&Ls. These thrifts were an awesome source of home loans before 1990. However, in the early 80s, interest rates spiked to double-digits and trouble…
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