The story of the end of Mortgages Ltd

I’m fascinated by the unfolding story of Mortgages Ltd. The suicide adds an emotional dimension most financial stories lack.

Mortgages Ltd. has gone in less than two years from being Arizona’s largest private commercial real-estate lender to a company plunged into bankruptcy following the suicide of its CEO, Scott Coles.

I have a quibble about that sentence. It makes is sound like the suicide caused the bankruptcy rather than the other way around.

August 31, 2008 by Realtor John Wake

About The Author

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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