pud: A New Wave of Short Sales are Coming in New HOme
- 03/17/09 10:12 AM
The upcoming future the deals are going to be with new construction especially with small or over extended builders. I am seeing a trend in Jacksonville, Florida Real Estate of builders being forced to move new inventory by their lenders. Many properties are going to be heading to bankruptcy or changing ownership and their lenders are wanting to reduce their risk and making huge discounts to make their loses smaller. The greatest discounts seem to be in the condo arena. The projects have a shortage established by the developer that will usually cover the association fee until the problem is resolved. If … (0 comments)
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