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Topic - Cheryl J. Sanders
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Asked about the Charles Street situation and other foreclosures, Ms. Sanders said, "The word that I've been using is compassion; it means you give people a break. Take into consideration the factors that account for their inability to pay."
What she called "a technicality" led M&T to request Third Street to add collateral to a loan already granted; Ms. Sanders said the church found a bridge loan from another lender to pay off M&T. "It was a very difficult time," she said.