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regineia
393 Posts |
 Posted - 05/21/2008 : 5:25:03 PM
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| Lot of incentives, no closing cost, no HOA for 1 year , Higher sales prices and LOT OF FORECLOSURES STARTING in condominiuns just converted. How we can stop it ? |
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d_damiano
551 Posts |
Posted - 05/21/2008 : 6:15:49 PM
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quote:
Originally posted by regineia
Lot of incentives, no closing cost, no HOA for 1 year , Higher sales prices and LOT OF FORECLOSURES STARTING in condominiuns just converted. How we can stop it ?
The real question is why would you want to stop it?
What stops foreclosures is property values going up and people having a reason to preserve their equity.
I think we are making potential improvements with better appraisals, clearly defined interested party contributions, higher down payment or lower LTV's
Why is it ok to use financing incentives to sell a car but not a house?
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regineia
393 Posts |
Posted - 05/22/2008 : 07:24:16 AM
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| You are right! Got it. |
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