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We've all seen and heard of foreclosed condos selling for less than a late-model, mid-range car. From $5,000 units in Detroit to $30,000 units in Sacramento, Calif., it seems like buying one of ...
Under condominium ownership only the separate condo owners provide financing. Particularly when interest rates are high, a conversion sponsor may find unit buyers more easily under the cooperative arrangement as buyers will have less financing to arrange on their own; the apparent purchase price of a unit in a cooperative building holding an ...
A further rationale is that under the principle of freedom of contract, if debtors wish to enjoy the additional protection of the formalities of judicial foreclosure, it is their burden to find a lender willing to provide a loan secured by a traditional conventional mortgage instead of a deed of trust with a power of sale. Courts have also ...
Here's how old the typical U.S. homebuyer is today Homeowners in the U.S. are getting older as the dream of buying a house slips further out of reach for many Americans. NBC Universal 2 months ago
Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
Actor Robert Redford and his artist wife Sybille Szaggars Redford are selling their secluded home in Northern California, which sits on an unpaved cul de sac along the San Francisco Bay, for $4.15 ...