InvestorsHub Logo
icon url

Billiam_2

03/20/11 12:59 PM

#9777 RE: Sparks111111 #9776

It would appear that there must be an investment ( loan ) still generating $213K/ M. This board has maintained since takeover that the FDIC did not get it all. What was in escrow would be out of reach. MM told Pathan that the FDIC took everything. Apparently they did not. What ever this is it didn't get listed as an asset. Must still be in escrow, held by a 3rd party with Corus Bankshares listed as benefactor. That $900K payment in December must have been several months worth of payments. Doc 380 shows for one month CORS got $213/M. That would equate to an investment of approximately $ 40MM.