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Old 04-04-2009, 06:43 PM
 
Location: North Raleigh
820 posts, read 1,827,441 times
Reputation: 468
Quote:
Originally Posted by jshallen View Post
you would think the bank would just unload the homes as is and let the buyer finish the house
Not so much the issue. A bigger problem than any unsold finished homes is that there are plenty of homes left un-built and vacant lots unsold. The success of the community stands on being at or near completion with buyers.
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Old 04-05-2009, 04:56 PM
 
Location: Southeast US
1,228 posts, read 3,213,430 times
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Quote:
Originally Posted by jshallen View Post
you would think the bank would just unload the homes as is and let the buyer finish the house
Finished inventory has a higher value than work in process. Therefore, minimizing the bank's loss.
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Old 04-05-2009, 05:53 PM
 
513 posts, read 1,023,621 times
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Originally Posted by JJingle View Post
Finished inventory has a higher value than work in process. Therefore, minimizing the bank's loss.

very true but if nothing is selling nothing is selling. this just increases a banks stake in the home.
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Old 11-19-2009, 06:53 AM
 
26 posts, read 54,586 times
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Would anyone ever consider buying in Hasentree Groves at this time? We are told that the houses there could be bought at a very, very good discount. I keep thinking that it will be either the best investment ever made or the worst.

Also, if you are in the Groves, will you feel like the poor neighbor crossing the road to socialize with the rich folk?

What do others think?
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