The Miami Herald reported in today's edition that a Miami Beach luxury condo experienced a "friendly foreclosure." I don't know what that means, but it sounds a lot better than the funky documentation boiler room deals that judges have blown the whistle on. iStar Financial is the firm that provided the allegedly soft touch.
Wednesday, January 19, 2011
Miami Beach's "Friendly Foreclosure"
The Miami Herald reported in today's edition that a Miami Beach luxury condo experienced a "friendly foreclosure." I don't know what that means, but it sounds a lot better than the funky documentation boiler room deals that judges have blown the whistle on. iStar Financial is the firm that provided the allegedly soft touch.
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