Comments on: The Intelligent Way Of Fixing the Condo Surplus http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/ Real Estate Blog, Mortgage, and Development News Thu, 18 Mar 2010 20:55:14 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Laguna Niguel Real Estate http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/comment-page-1/#comment-341932 Laguna Niguel Real Estate Wed, 11 Feb 2009 07:35:09 +0000 http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/#comment-341932 In the past condo ownership suffered with a negative image for a variety of reasons, however that image has since changed dramatically. Once the thorn in homeowner’s sides, condominium associations have worked hard in recent years to clean up their negative image where disputes and lawsuits were once rampant.... In the past condo ownership suffered with a negative image for a variety of reasons, however that image has since changed dramatically. Once the thorn in homeowner’s sides, condominium associations have worked hard in recent years to clean up their negative image where disputes and lawsuits were once rampant….

]]> By: Albany Homes http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/comment-page-1/#comment-341432 Albany Homes Tue, 10 Feb 2009 02:18:04 +0000 http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/#comment-341432 Seems to make a lot of sense to me but I would have concern over how these deals would get financed. I certainly don't see online real estate auctions as a panacea for the real estate industry. Seems to make a lot of sense to me but I would have concern over how these deals would get financed. I certainly don’t see online real estate auctions as a panacea for the real estate industry.

]]> By: Atlanta real esate http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/comment-page-1/#comment-340580 Atlanta real esate Sat, 07 Feb 2009 20:47:55 +0000 http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/#comment-340580 I hope these work, maybe similiar tactics can be used with the new homes surplus. It should work easier due to less financing restrictions involving new construction home neighborhoods. I guess we can wait and see. I hope these work, maybe similiar tactics can be used with the new homes surplus. It should work easier due to less financing restrictions involving new construction home neighborhoods. I guess we can wait and see.

]]> By: Sean Terry | Deal Makers Blog http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/comment-page-1/#comment-339389 Sean Terry | Deal Makers Blog Thu, 05 Feb 2009 20:15:25 +0000 http://www.therealestatebloggers.com/2009/02/05/the-intelligent-way-of-fixing-the-condo-surplus/#comment-339389 This will be interesting to see the success rate of the closings of these types of deals, what I have experienced is that most of the complexes have aggresivelly sold to investors leaving over 51% of the complex non-owner occupied. If this is the case than the entire complex becomes unfianceable under current conventional financing guidlines. So if a buyer at one of these auctions doesn't ask the right questions they will not be able to finance the property thus close the deal, and if they pay cash as many have they will never be able to sell to a buyer that needs conventional funds to close the deal. This of course could all change if a guidline is revised. Thanks for the article, This will be interesting to see the success rate of the closings of these types of deals, what I have experienced is that most of the complexes have aggresivelly sold to investors leaving over 51% of the complex non-owner occupied. If this is the case than the entire complex becomes unfianceable under current conventional financing guidlines. So if a buyer at one of these auctions doesn’t ask the right questions they will not be able to finance the property thus close the deal, and if they pay cash as many have they will never be able to sell to a buyer that needs conventional funds to close the deal. This of course could all change if a guidline is revised.

Thanks for the article,

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