Excerpt from:  American Foreclosure Information
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December 09, 2008

Foundation Crumbles on Kimball Hill

Longtime builder unable to weather U.S. housing market collapse
The home-building company named after the man who brought the "GI bath" to the northwest suburbs and who put Rolling Meadows on the map called it quits last week, giving up an attempt to emerge from bankruptcy during the worst housing crisis since the Depression.

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