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Foreclosures on condo projects rise

Alby Gallun 18 December 2007 No Comment

The condo slump has put developer Liviu Mihulet in a tight spot.

His lender, Northside Community Bank, filed a lawsuit in August to foreclose on a 32-unit condominium conversion the developer launched in January in West Rogers Park. The bank asserted that the property, at 6500 N. Claremont Ave., …

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