The developer eventually defaulted on contractual deadlines, and the project failed.

When the economy collapsed and developers defaulted on their loans, the church took control of the buildings.

Another developer built nine homes and then defaulted.

The Government has already lost $119 million after private developers defaulted on loans insured under the program.

Later, it was learned the developers had defaulted on a £3.5m payment to the contractor.

True, real estate values would rise a bit, so fewer developers would default.

After some developers defaulted, the Government was left with the primary responsiblity for paying off the mortgages.

He read through the new loan files, saw that various developers had defaulted on their loans and were in serious trouble.

The second developer then defaulted and the property was acquired by a bank for $8.8 million.

One former developer defaulted on its loan; the other walked away from the project.