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Real Estate & Property Law

: The Home Equity Theft Reporter

Aging Buildings, Developer Disputes, High Rate Of Absentee Landlords, Underwater Owners, Scarce Buyers Leave Condo Conversions In Deep Trouble

By r morris

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In South Florida, The Miami Herald reports:Since 2003, when housing prices took off, more than 74,000 rental apartments were converted into condominiums in Miami-Dade and Broward counties, twice as many as the previous 50 years combined, according to state records of condo conversion applications. As the fallout from the housing collapse continues, the conversion market - largely a collection of

Full post as published by The Home Equity Theft Reporter on August 15, 2009 (boomark / email).

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