I just got out of an interview with ISD about an hour ago.There wasn’t anything earth shattering going on, but they did indicate that there has been a rise of foreclosures in what were previously triple deckers turned co-op. They indicated that many of these investments were made without the income to back it up, and all it takes is one unit out of the 6 to enter foreclosure before the whole building becomes foreclosed. -David.
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nice work man!