Saturday, May 05, 2007

MD: Balto. Co. condo complex bought at auction A large condo conversion project in Baltimore County owned by a developer that fell into default was auctioned off today to the winning and only bidder: the lender holding the third mortgage on the property. 7:56:48 AM

FL: Condominiums will probably be faced with mandatory hurricane protection The first punch to a condominium unit owner’s pocketbook was paying to repair the property damage caused by the hurricanes a few years back that was not covered by existing insurance and to cover the high deductible costs under the policies. 7:54:47 AM

MA: Burned out, but relieved to be safe Firefighters were still putting out small blazes inside the structure on Duck Pond Road yesterday. The Beverly Fire Department and investigators from the state fire marshal's office were also sifting through the wreckage of the 35-unit condominium complex looking for a cause after the three-alarm fire raced through the building. Officials said at least 35 people were left homeless. 7:53:21 AM

CA: Condo owners upset by work done by builder But observers in the building industry said the kinds of problems owners have complained about should have been repaired long ago and shouldn't remain unresolved for more than one year. 7:51:51 AM