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Prospective new Downtowners have been asking a lot of questions lately about how high the prices might get, and when they might fall. Unfortunately, history has shown us that, while prices fall a bit quite frequently, they only fall a lot very rarely. Prices almost never fall during the times that many expect them to. …
Downtown Distressed Lofts: Foreclosures, Raw Lofts, Short Sales and Must Sells Distressed Property Short sales and foreclosures are the result of homeowners in distress. A “short sale” simply means the homeowner’s lender has given permission to the homeowner to sell the loft or condo for less than the remaining balance of the loan. To accomplish this, the seller …
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