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Real Estate & Property Law

: The Home Equity Theft Reporter

'Reverse' Condo Conversion Leaves Dozen Unit Buyers Living In Rental Complex, Unable To Refinance, Holding The Bag

By r morris

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In Polk County, Iowa, the Des Moines Register reports:A bank foreclosure of a Johnston condominium development originally owned by Regency Homes has resulted in 12 condominium owners allegedly losing their ability to refinance and possibly even sell their homes, a lawsuit filed Monday says."This is the classic case of individuals buying property believing what they have been told and then through

Full post as published by The Home Equity Theft Reporter on February 19, 2011 (boomark / email).

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