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Old 07-16-2016, 06:07 PM
Location: Atlanta
2,860 posts, read 2,818,541 times
Reputation: 1437


Originally Posted by abalashov View Post
I find this hard to believe. I had a 1 BR condo in Midtown that was worth $160K when I financed in May 2007 (perversely, before the first wave of the subprime crisis-related Fed rate cuts). When I strategically defaulted on it in summer 2015[1], it appraised at $85K. It's around $90K now.

[1] In part due to being 48% upside down and most alternative courses of action being forbidden by the HOA (e.g. a leasing gap and building chronically being leased to the limit).

Where exactly in Midtown is it, and is it still for sale?
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