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.
Could 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.
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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 serious attorneys, so if the building falls down they'll still profit.
It's super high risk when there is any litigation. Most banks will stop mortgage loans when that's discovered.
Could 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.