Expert, localized Los Angeles answers provided by Heather Roy

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Buying Condo

  3 years ago, i bought a condo in Ft Meyer's, FLA in a new development, 29th floor on the river looking toward the gulf. Many things has changed over the 3 years, my business has dramatically gone down and i know cannot afford the new condo that will close in the next 60 days. I have over 90,000.00 in this new condo and the contract states i cannot list in the multiple listing till i close, and we all know the market is bad at best. Who would of thought, but what seemed like a great purchase is not so great. Any positive suggestions, I know the not so positive ones!

Thank you for your imput!
 
  It's lucky people don't call me for advice when they've made bad investments in the stock market, because I wouldn't really have much to suggest to get them out of it -- nor do I, unfortunately, when it's a matter of real estate.  Perhaps your own lawyer will have something to suggest, or a lawyer in Florida.  I've heard that sometimes a lawyer can find you a reason to break almost any contract -- but outside of that faint hope, I'm afraid I have nothing to suggest.  All I can really offer you is sympathy.
    Edith
Originally published on March 16, 2008
 
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