California vineyards face foreclosure
California vineyards face foreclosure
Mar 17, 2010 6
Some California vineyards are facing foreclosure this year, with many reporting 2009 as their 'worst year' ever.
The wine division of the Silicon Valley Bank said some foreclosures could be expected in 2010, continuing a trend which began last year.
'We expect to see more “bargain transitions” or distressed sales [from 2009 into 2010]',
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