Taro Properties Ariz. files for bankruptcy protection
Taro had contracted with Trend Homes to sell lots to the home builder incrementally, but new-home sales in the area ground to a halt in 2007, and Trend Homes no longer was able to meet its purchase schedule.
In February, Trend Homes filed for bankruptcy protection and was later purchased by private investment firm Najafi Cos.
August 14, 2008 by Realtor John Wake
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John Wake
Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.
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