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Broken Condo Expert - They can be Fixed!

Two Examples of Broken Condos (Construction Loan in Default)
90% of Projects Today are 'Partially Completed' – 25 Total Units;

     Construction appears to be 75% Completed
     ‘Paperwork’ / ‘Entitlement’ Status Unknown
     Consumer Contracts may exist, no units Conveyed

     Construction appears to be 100% Completed
     Five (5) Units Sold / Conveyed (Closed Escrow)
     Three (3) Units to Developer ‘Friends & Family’
     Two (2) Units to Owner / Users
                One (1) Unit has the Buyer / Consumer Loan in ‘Default’
Consumer take-out financing approvals lost or unknown
‘Paperwork’ / 'Entitlement' & ‘HOA’ Status Unknown
     HOA Delinquencies have likely caused the HOA to be insolvent
Marc@MarcBrooksEscrow.com