to the unidentified sole shareholder. One loan secured by an undeveloped land parcel in Colorado was settled at appraised value of the collateral. Another loan secured by fast food outlets..., California, turned bad due to the developer s inability to complete the project due, in part, to the difficulty in resolving disputes with FDIC which held a second lien on the land... addressed. After minimum repairs were done to conform to codes, labor disputes were settled, and citations and violations were resolved, the property was sold for more than $12...