In the off chance anyone cares about this particular thread or condo project, I posted a new thread a few days ago that didn’t stay on the front page very long and you probably missed it:
It is interesting that the developer is still trying to sell the remaining units in phase 3 while short sales and the first REO in the complex are now on the market. I made the new thread thinking it might be of general interest to the forum. I guess this scenario must not be as unusual as I thought.