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Lembi Group, which defaulted on $300 million worth of loans during 2008, handed over 50 buildings securing these loans to UBS, which has since been attempting to dispose of them in package deals. Ironically, Lembi's strategy during the past decade had been opportunistic as well: It acquired .... Agencies Warn of Oil Spill Scams ? Making The Case For Lost-Property-Value Claims In The Gulf Oil Disaster Zone ?Vacation Rental Owners' Hard Lesson from the Gulf Oil Disaster ...
From David Johnson: When smart money said "no more," not-so-smart Marin bank loaned the Lembis $41 million. (ht Eric). The Lembi real-estate implosion (see ?War of Values,? December 2009) is on the verge of claiming another casualty: ...