[quote=sdrealtor]MP was teh biggest condo converter in SD county. If they survive, I’d be astonished.[/quote]
MP the company survives although a number of their projects have gone into bankruptcy. Given how silly the lending environment got post-2004 I doubt the principals had to give personal guarantees on their BK projects, so they probably got to keep all the earlier gains and pass most of the BK losses onto their banks. File Under: More Evidence of Sound Lending Practices from the Bubble.
