Site Meter Refinancing, Loans and Getting New Credit: U.S. property bust threatens condo "death spiral"

Sunday, April 5, 2009

U.S. property bust threatens condo "death spiral"

Condominium and homeowners' associations are facing what experts call a trickle-down disaster from the property crisis. Dozens and perhaps hundreds of condo buildings have budget shortfalls as thousands of owners, under water on their mortgages or in foreclosure, stop paying monthly fees...

Source: www.reuters.com

No comments:

Post a Comment