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Commercial real estate walkaways

Submitted by jbonica on Sat, 08/28/2010 - 00:00
in

The trend of mortgage walkaways is coming to the commercial real estate market, the Wall Street Journal reports. The Journal talks about commercial real estate landlords, including some high-profile companies, who have stopped paying their mortgages on office buildings, land and retail space in order to try to work out better loans with lenders.