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Entries Tagged ‘buyers’

CA: Folsom condo buyers awarded millions in damages

A Sacramento arbitrator has ordered a Bay Area property developer to assume $4.7 million in mortgage costs for 24 Folsom homeowners who bought water-damaged condominiums in 2005 and 2006. Originally from Community Associations Network National

WI: Condo buyers want their money back

The buyers of eight condominium units at the financially troubled development are suing to rescind their purchases, and have their money returned. Originally from Community Associations Network National

NC: Asheville condo flop hits buyers in wallet

But Zona Lofts turned out to be a strikeout. Construction stopped after some excavation work was done and the proposed site at 150 Coxe Ave. is just a muddy hole in the ground today. Originally from Community Associations Network National

NC: Judge: The Vue can’t force condo buyers to close

In a setback for the Vue uptown condo tower, a judge ruled this week that the developer can keep only a deposit from buyers who signed contracts but can’t force them to close on their units. Originally from Community Associations Network National

CT: Condo loan changes putting developers, buyers in bind

Condominium sales continue to be sluggish in Connecticut, but it may be more than just skittish homebuyers impacting the market. Originally from Community Associations Network National

Though used to complex deals, some savvy condo buyers say they were duped by AIG

Ray Haarstick is an engineer and businessman who founded a company that makes software for private equity firms. He has zero fear of complex financial deals. Originally from Community Associations Network National

Though used to complex deals, some savvy condo buyers say they were duped by AIG

Ray Haarstick is an engineer and businessman who founded a company that makes software for private equity firms. He has zero fear of complex financial deals. Originally from Community Associations Network National

NC: Judge: The Vue can’t force condo buyers to close

In a setback for the Vue uptown condo tower, a judge ruled this week that the developer can keep only a deposit from buyers who signed contracts but can’t force them to close on their units. Originally from Community Associations Network National

NC: Judge: The Vue can’t force condo buyers to close

In a setback for the Vue uptown condo tower, a judge ruled this week that the developer can keep only a deposit from buyers who signed contracts but can’t force them to close on their units. Originally from Community Associations Network National

NE: Condo buyers stumble on FHA loan hurdles

Rosenbaugh decided to get a mortgage insured by the Federal Housing Administration instead of a conventional loan. Little did he know the decision would entangle him in a process that slows or even blocks sales, at the same time the government is trying to encourage home purchases Originally from Community Associations Network National

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