| Posted By |
Discussion
Topic:
Anything new?
|
 
|
renow
|
06-06-2006 @ 4:44 PM |
|
|
Member
Posts:
Joined: Jun 2006
|
With the RE Market in a slump and interest rates on the rise, I have heard that a lot of the pre-construction stuff is going into foreclosure because people can't make their I/O payments.
Is this really happening, or is it more media spec?
|
|
mplsrealestate
|
|
10-27-2008 @ 8:24 PM |
|
|
Member
Posts:
Joined: Sep 2008
|
My how things can change in two years.
I was looking through some of the older posts in this forum and I thought I would reply.
Here in Minnesota and across the US, foreclosures and short sales have become part of everyone's vocabularies. At least we are seeing less new listings being put on the MLS here and pending sales are rising with each week. This is certainly good news indeed for our Minneapolis real estate market!!
Search for [url=http://www.mnrealestateteam.com]Minneapolis Condos[/url], [url=http://www.mnrealestateteam.com]Minneapolis Real Estate[/url] and
[url=http://www.mnrealestateteam.com]Minneapolis Homes For Sale[/url]
|
|
agentmulder412
|
|
10-28-2008 @ 12:27 PM |
|
|
Member
Posts:
Joined: Oct 2008
|
We're seeing a ton of pre-construction problems down in Florida. It's a triply-whammy: people can't get financing because of the credit crunch, house values are dropping so it's no longer worth it to do it, and people are giving up on buying investment properties (which many of these are).
[url=http://www.advantageccs.org]Credit Counseling Services[/url]
|
|
youbetcha1018
|
|
11-05-2008 @ 9:42 AM |
|
|
Member
Posts:
Joined: Aug 2008
|
Heard of it,but i dont know someone experienced it.Not in Miami either.
[url=http://realestatedirectory.ws]Real Estate Directory[/url]
|
|
REManagement101
|
|
12-18-2008 @ 9:10 PM |
|
|
Member
Posts:
Joined: Jun 2008
|
So here's my question: what happens if you buy a condo in FL, pre-construction, thinking that you'll flip it when the construction is complete for an easy profit, but the building is never finished? You put down a deposit, and have a deed, but what recourse do you have if the real estate developer is now penniless?
Perhaps there are safeguards in place to guard against this sort of thing, I don't know. But I can guess that a lot of foolish real estate investors are in a lot of trouble right now.
Greg
[url=http://www.ezlandlordforms.com/documents/]Real Estate Forms[/url]
|
|
flip2113
|
|
12-31-2008 @ 1:29 AM |
|
|
Member
Posts:
Joined: Dec 2008
|
I’ve feel like a good place to find deals in this market/economic times are government auctions, any thoughts on these? I’ve recently found a site that conglomerates the different auctions into one source however you’ve need to pay an annual fee ($40). Personally I felt like this investment was a small price to pay to be able to see all the properties in one place. Here is the site if anyone’s interested . . . [url=<a href="http://flip2113.govauction.hop.clickbank.net/" target="_top">http://www.governmentauctions.org</a> ]http://www.governmentauctions.org[/url]
|
|
AlexanderP.
|
|
12-19-2011 @ 8:38 AM |
|
|
Member
Posts:
Joined: Dec 2011
|
Probably yes. But you know, there are a lot of reasons why this happens, and a lot of things to hardly consider. As things changes, we should make sure to make solutions as we cope with changes that we face into.
|
|
hcgnexus
|
|
03-09-2012 @ 6:03 AM |
|
|
Member
Posts:
Joined: Mar 2012
|
Perhaps there are safeguards in place to guard against this sort of thing, I don't know. But I can guess that a lot of foolish real estate investors are in a lot of trouble right now.
|
|
DBSreo
|
|
11-12-2012 @ 2:10 PM |
|
|
Member
Posts:
Joined: Oct 2012
|
Over the last few years, the government has been focusing more on saving people from losing their homes, not investors from loosing their investments. The market is affected by all kinds of factors and the government needs to look at all of them to help it out. Fixing only a portion of the problem is not a proper solution.
|
