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Real Estate & Property Law

: The Home Equity Theft Reporter

Obtaining Mortgage Loan On Condo Unit May Depend On Neighbors' Financial Stability

By r morris

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The Washington Post reports:Benjamin Chiang nearly lost the chance to refinance his condominium when his lender discovered that many other people in the building were behind on their condo dues. "It made me a little peeved that my loan depended on the credentials and behavior of my neighbors," said Chiang, who bought his Arlington home eight years ago.Condo owners share more than roofs and

Full post as published by The Home Equity Theft Reporter on May 02, 2009 (boomark / email).

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