“Should be public within 60 days. We are working on (fixing and) selling homes. Not sure when the next distribution will be.”
That is the update today from Michael Goldberg the manager of the bankruptcy trust. So bad news is the next distribution is not targeted – good news is the effort to make the “shares” in the bankruptcy publicly traded and therefore liquide, is closer to being accomplished.
I can’t say what the ‘going public’ will mean to any given person, but I’m sure its an advantage generally. Interest rates continue to trend down – that’s a big help to sellers of real estate.
I wish I had something more solid. I will keep on this watch.