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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (8389)1/23/2003 12:22:02 PM
From: MulhollandDriveRead Replies (1) of 306849
 
as silly as those buyers were in that development, i think they may have a pretty good chance at a lawsuit.

Some of the residents stuck in this financing twilight zone say the developers - and politicians who approved regulations allowing New Colony to be built as neither fish nor fowl - should have foreseen this problem. Their Realtors agree with them.

"They had to know, once everyone was in, it was going to be a problem," said Souder, a RE/MAX agent. "The builder and the county both had to know."
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