Run, if you still get out before it collapses.

Years ago, when I started, lenders could give a hoot, because BArney Franks told lenders everyone that could fog a mirror should own a house...so..not a big deal regarding rent credits etc....then, when everything collapsed, and Barney Franks said he'd hold hearings to find out who was at the bottom of the debacle...

Our condo complex with 340 units was concerned about a possible collapse when the economy was tanking but we have weathered the storm and sales have resumed.Carol T. associations can be full of misinformation and it is sometimes hard to distinguish reality from rumors.There are some facts to deal with and the financial situation needs to be understood, not speculated on: "The feeling is that if we cannot get water sub-metering, eventually the HOA will become insolvent."

I think it be will flood of foreclosures simular to the housing collapse.

I think that if they are willing to take AdWords revenue knowing that some of the advertisers are scammers, they need to start losing paid members in a big way; and the sooner the community starts to collapse and force them to act ethically, the better for all the members who count on them to provide the ethics and honesty we all need to vet various people and organizations in order to weed out the scammers, so honest people can do business together.

Are there any public record you can look at to see what has been going on in the area since the market collapsed in 2008?

Samantha,Here are some thoughts from a guy who has invested in residential rental properties over 35 years, done quite well, but has near-collapsed twice (decades ago) under too much debt.Real estate leveraging always has the seductive pull of being able to do more, more, more if you use leverage.

Unfortunately, this has caused a collapse of communication between the professions of RE agents and appraisers.

Prices on these collapsed the most, as many in the midwest are buying REOs at 25-30% of 2006 prices.

It was about the collapse that happened back in 2008 involving wall st ect...