I am trying to figure it out, but I imagine the lawsuit and the amount of NODs in the complex and the low amount of owner occupied, perhaps even the condition of the HOAs finances, and the economy in general makes me think it may be difficult to get a loan on one of these units. Brian predicted 150k on these and I see it happening now. If we’re not at bottom, heck, maybe it’ll go lower. The NODs still continue to trickle in for the complexes condo conversions in that area.
