tag:blogger.com,1999:blog-11640187.post6448325078750300850..comments2024-01-17T01:05:25.579-09:00Comments on The Panic Blog: How Owning A Condo Can Devastate You FinanciallyUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11640187.post-85312769018841129602008-05-15T16:19:00.000-08:002008-05-15T16:19:00.000-08:00I nominate you to inherit the condo, by the way.Yo...I nominate you to inherit the condo, by the way.<BR/><BR/>You have always been gramma's favorite. :) <BR/><BR/>I hope this doesn't turn into a quagmire like some other business dealings the family has had in the past.<BR/><BR/>If the condo owners can't pay, then what? <BR/><BR/>Can they be gone after financially? How would you evict them from their condo? And you're absolutely right, who would buy it? <BR/><BR/>I feel bad for the people still paying on their mortgages who don't even have a unit, and are also likely paying rent / another mortgage in their new place. <BR/><BR/><BR/>They ought to build an apartment building in place of the north tower, put condos on the first four floors, and then rent apartments above, and finance the 'special assessment' that way.<BR/><BR/>Won't happen, but then we already knew that.<BR/><BR/><BR/>I'm glad that she at least owns the condo so that financially she's less entangled. I know she loves it, and she worked very hard for it.Jashttps://www.blogger.com/profile/02038967038054133833noreply@blogger.com