When the trouble arose, the buyers defaulted because of the problems in the building.
The business boomed in the early and mid-1990s before collapsing in the late '90s when many buyers of the homes defaulted.
Mr. Weinstein bought the building after another buyer defaulted.
The buyer promptly defaulted; Sotheby's eventually resold the painting.
When the unqualified buyers finally defaulted on their mortgages, the entire global financial system incurred massive losses.
In some cases, the buyers defaulted.
In both cases, however, the contract periods ran into several years and the buyers ultimately defaulted.
The government sold the company to private investors on 17 October 1988, but the original buyer defaulted on its debt payments.
Each time, the buyers defaulted and the property reverted back to the university.
But in the last several years, many buyers of mobile homes have defaulted on their loans.