Lender policies put condo owner in real estate pickle
Lawsuits, high renter ratios impede successful sale
By Robert Bruss, Monday, March 8, 2004.Inman News
DEAR BOB: I've been reading your articles for at least five years and have learned so much about real estate. Once, when the editor left your column out of the newspaper, I phoned and strongly complained. The editor never made that mistake again. But now I need your help. I recently sold my home tax-free, thanks to Internal Revenue Code 121, which you explained many times. However, I am now considering buying a lovely townhouse in a brand-new development. Thanks to my home sale, I have the cash to buy the townhouse without a mortgage.
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