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It's actually a very low risk investment. The HOA is suing the city, blaming the construction of the Transbay terminal next door. They have access to some serio
by czep 5y ago
It's actually a very low risk investment. The HOA is suing the city, blaming the construction of the Transbay terminal next door. They have access to some serious attorneys, so if the building falls down they'll still profit.
- coding123 5y agoIt's super high risk when there is any litigation. Most banks will stop mortgage loans when that's discovered.
- toomuchtodo 5y agoCould be a fun exercise to look at the property records over time to see which financial institutions are publicly recording mortgages on these units to understand their risk tolerance.