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March 28, 2009

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John

There's an area here in Westminster that was overdeveloped, and the homeowners in phase one of the development found out too late that the land had drainage issues that caused almost instantaneous settling of their foundations. Because of this, the developer went bankrupt, and the homeowners are left with their severely devalued homes and no recourse. The city of Westminster had to buy the property in order to demolish the incomplete structures and foundations, because they were potential hazards, and the latest news I can find is that they have still not been able to sell the remaining property.

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