Condo Mania Central

Most of us level-headed people would think that a bank, faced with the possibility of a Trustee Sale or foreclosure and all the costs association with one, would be anxious to unload one of these homes with a ready and willing buyer.

Holding on is making less and less sense for many owners, and that’s why we’ll see the number of foreclosures and short sales continuing to rise. Is this an opportunity for condo buyers? Perhaps, but caution must still prevail, especially with these scenarios.