Diamond Sets The Record Straight
It's being reported on Straight From The A dot Com that Diamond did it as a business decision, similar to what many others have done...Including Donald Trump:
"It was a business decision, plain and simple. I bought that house in ’02. It was a house I did live in at the time for about a year. But then I got into other rental properties and flipping my money and moved out of that house.
The recession hit and the real estate market was not doing what it was supposed to do, so instead of selling it, I rented it out. Then the rental market slowed down, too. So I asked myself, ‘Should I keep this house when no one is buying it or renting it?’ If I can’t sell it, recoup my money or have anyone rent out the property, then why would I keep it? So I decided to let it go to foreclosure last year...People do it all the time. Donald Trump does it. If a person can’t understand that, then they’re stupid."
Interesting... Read more about this here.