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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (36930)	7/25/2005 3:09:00 PM
From: John Vosilla	Respond to of 110194

Just to add I'm not talking about buildings still in the process of being CO'd but actually completed anywhere from 3-12 months ago with a bonafide closing to outsiders. Now in the buildings currently under construction title would still be in the developers name and the flipper holds the unrecorded contract they can assign depending on the clauses in the contract they signed with the developer.

To: John Vosilla who wrote (36930)	7/25/2005 3:14:10 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

<majority show a transfer of title to individual owners> In normal markets this is what good developers do, and lenders make sure the units are occupied. But in today's stretch the rules climate, I'll bet it's anything but. In fact I'll bet the so called leading sales developers and lenders (in reality, the bad apples)are the most egregious about this. When this ice dam breaks (now I think) it's going to look like carving out the Columbia River Gorge 10,000 years ago.

To: John Vosilla who wrote (36930)	7/26/2005 5:29:04 AM
From: shades	Respond to of 110194

How much more time is left to transfer risk to the poor individual? Come new bankruptcy legislation in october - how long will it take for the individual to wake up and stop taking on this risk - 1 year after the laws go into effect - are they sweating in thier boots now? Are the developers going to sweeten the deal for these guys right before the end to transfer risk? Poor individual, large government and big business all working to stick it to him - he never had a chance - hehe.