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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 ...
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In order to avoid an owner of multiple lots (who likely own the lots for resale or rental property) controlling the HOA's operation (to the detriment of those owners who only own a single lot or two contiguous lots as a current or future residence or vacation home), the Bylaws may limit all owners (regardless of the number of lots owned) to one ...
Before you do something drastic, take a look at the following five steps; they could very well save your home and your credit score. Step Escaping Foreclosure Hell: Five Important Steps