Investors Going Condo Crazy

It’s almost like 2005 again – except at a quarter of the price. $200K Orlando foreclosure condos going for $50K, and suddenly everyone wants a piece of the condo action. However, decreasing inventory, no loans and multiple offers on every deal under $50K means a lot of frustrated buyers. BUT there’s hope: we’re hearing rumors of new loan programs for condo conversions coming soon. Could it really be? Watch this space!

1 Comment

  1. Exlacty what I said….huge demand, stock getting less and no loans,

    Once the bank owned stock dries up and the banks start lending again prices will rise sharply.

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