Sunday, May 4, 2008

The Condominium Owner's Dilemma, Sell, Rent, Foreclose

Based on an article published by the Washington Post on Saturday, May 3rd, 2008, the question is 'Do owners who can't sell & have to pay a penalty for renting take foreclosure as an option?

What would you do if you had to sell but couldn't rent out your unit due to condo association regulations?

This example comes from the Delancy Lofts in Adams Morgan.

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