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RichL

Not necessarily. If the properties are competitively priced, the market could stabilize. A buyer could actually like the place, and keep it even if they are down a bit 3 years out. They also have use of the cash, and vacant properties do not improve and do eat cash. I carry no brief for this project, but I can say that you can get decent Florida property cheaply now, and for those who want to go there buying is an obvious good trade.

jkas

ah, I meant crazy for Lehman... I'd agree that FL isn't necessarily a bad deal - for a start, there's definitely "blood on the street" there.

RichL

Sorry about the lack of clarity. From the perspective of Lehman, it makes sense. There is risk in holding a vacant house - wear and tear, vandalism, and the distressed look that a neighborhood gets when the neighbor's pool is filled with green slime.
If you're Lehman and you own it anyway, it is preferable to take the risk, get cash to invest for 3 years, and hope for the best. Not what they planned, I'm sure, but it is likely preferable to inaction. For the buyer, a free put doesn't suck.

real estate

I saw one website of real estate business which will provide all the information regarding houses,moratage stores,open house stores,legal laws etc.
This site will also give information on store/packing services .They have national wide locations.You can add your business there .
please check this link
http://www.aaamoving-store.com/

real estate in Philippines

Thanks for the info, I will suggest this to my cousin who needs a property in your place.

Deirdre G

 Long Island Masonry

Should I report changes that would change my real estate tax bill?

house for sale

Thanks for the info, I will tell this to my friends.

Ace

quality and affordable housing in cebu

Thanks for sharing this interesting post. I'll refer your post to my colleagues.

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It is a type of resilient connective tissue that covers and protects the ends of bones in joints.

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