Saturday, August 30, 2008

Condo foreclosures hurt others, too - Mortgage Mess- msnbc.com

Condo foreclosures hurt others, too - Mortgage Mess- msnbc.com: "When too many condominium owners lose their units to foreclosure, condo associations feel the financial pain. That's bad news for homeowners and real estate investors who depend on these associations to take care of building maintenance, property insurance, utilities, landscaping and other amenities that are shared in common."
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Nice to see the media catching on to this situation at long last.

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