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Expanded 'Bad Boy' Guarantees Undercut Nonrecourse Loans

By Kaitlin Ugolik (February 21, 2014, 9:05 PM EST) -- In recent years banks have stretched the definition of what is covered by "bad boy" guarantees attached to nonrecourse real estate loans to include actions such as involuntary bankruptcy in addition to fraud and intentional misrepresentation, putting onerous pressure on borrowers, experts say....

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