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For some condo buildings where high ratio mortgage insurance is required, the insurance companies do not provide insurance because the building does not meet their risk criteria.
yes, the dust has settled in my area....it's been stable for a couple of years now....
Ed Macias -there are always a few who has these challenges - good times or bad times!
Yes, and we never in much trouble
Most that I know are very stable adn doing well. I am meeting with my HOA PM tomorrow to make a plan to do some exterior improvements on the condo buildings. It's time to invest and there should be plenty of money.
they were never off their feet here. Even if the building had a foreclosure the bank paid the HOA fees.
Few - not as bad as Florida but many do not have Fidelity insurance or have under-insured for even fire. Units built last 10 years seeing the three law firms here that hit them up for class action construction... (only the attornies benefit from these) Low owner occupancy seems it will remain as investors buy condos to rent rather than first time buyers. In coastal California price points are so high it's difficult for w-2 earners to get in. And in Florida? @ Ed Macias