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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (283426)10/14/2010 1:30:15 PM
From: tejekRead Replies (1) | Respond to of 306849
 
I'm in WA state. Condo conversions are fairly rare here.

I used to live in CA.



To: John Vosilla who wrote (283426)10/14/2010 1:40:02 PM
From: Cactus JackRead Replies (1) | Respond to of 306849
 
Condo conversions have been a disaster for many in California, with undisclosed or hidden defects, no builder liability, usually an LLC entity set up to avoid uninsurable converter liability, and unsuspecting buyers holding a nasty surprise of a bag for unbudgeted major repair obligations. Foreclosures and large assessment increases have only added to the problems.

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To: John Vosilla who wrote (283426)10/14/2010 1:40:11 PM
From: Cactus JackRespond to of 306849
 
Condo conversions have been a disaster for many in California, with undisclosed or hidden defects, no builder liability, usually an LLC entity set up to avoid uninsurable converter liability, and unsuspecting buyers holding a nasty surprise of a bag for unbudgeted major repair obligations. Foreclosures and large assessment increases have only added to the problems.

jpg


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