LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments Jim Reppond discusses the vibrant, changing Seattle Real Estate Market. Whether your a seasoned investor or a first time home buyer, Jim\'s vast knowledge of the Seattle Real Estate Market will captivate and educate... Sat, 04 Feb 2012 15:54:31 +0000 http://wordpress.org/?v=2.0.7 LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-3556 Wed, 18 Mar 2009 22:24:30 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-3556 When is the foreclosure sale date? I had heard it's in may When is the foreclosure sale date? I had heard it’s in may

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-3204 Wed, 25 Feb 2009 20:13:38 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-3204 [...] This is a sad development, but not unexpected. It was reported here several months ago that Live Historic had stopped actively marketing the individual units and was considering turning it back into apartments. They never achieved many pre-sales and it was clear that lenders were not going to allow mortgages to close without a substantial number of units pre-sold. It has been vacant with no activity for a number of months now. [...] […] This is a sad development, but not unexpected. It was reported here several months ago that Live Historic had stopped actively marketing the individual units and was considering turning it back into apartments. They never achieved many pre-sales and it was clear that lenders were not going to allow mortgages to close without a substantial number of units pre-sold. It has been vacant with no activity for a number of months now. […]

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-3185 Tue, 24 Feb 2009 17:29:25 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-3185 Aaron - I stopped by there this morning after reading your note and there was no notice posted. I walked around the building and did not see any notice at all. Maybe someone removed it? <em>Update: see new blog dated 2/25/2009</em> <strong><a title="Marlborough House in Forelcosure" href="http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-in-foreclosure" rel="nofollow">Marlborough House in Foreclosure</a></strong> Aaron -
I stopped by there this morning after reading your note and there was no notice posted. I walked around the building and did not see any notice at all. Maybe someone removed it?

Update: see new blog dated 2/25/2009
Marlborough House in Foreclosure

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-3184 Tue, 24 Feb 2009 15:17:00 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-3184 The Marlborough now has a foreclosure notice on the door with over $18,000,000 in default, the property is scheduled for auction. The Marlborough now has a foreclosure notice on the door with over $18,000,000 in default, the property is scheduled for auction.

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2749 Thu, 18 Dec 2008 16:19:03 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2749 (see 12/16/2008 update at bottom of article) (see 12/16/2008 update at bottom of article)

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2233 Wed, 05 Nov 2008 21:17:58 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2233 We're seeing some of this in Las Vegas. There are some condo conversions that went back to being apartments and new properties being pulled off the market and turned into rentals. We’re seeing some of this in Las Vegas. There are some condo conversions that went back to being apartments and new properties being pulled off the market and turned into rentals.

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2204 Mon, 27 Oct 2008 21:38:12 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2204 Obviously you'll want to go over the CC&Rs (covenants, conditions, and restrictions) and see how it addresses this issue. But I recommend you speak to a real estate attorney to get some legal advice. It seems that you could make a strong argument that by allowing more than the previously agreed to number of rental units it could adversely affect the value of your condo. Whether there is recourse or not is another matter. Obviously you’ll want to go over the CC&Rs (covenants, conditions, and restrictions) and see how it addresses this issue. But I recommend you speak to a real estate attorney to get some legal advice.

It seems that you could make a strong argument that by allowing more than the previously agreed to number of rental units it could adversely affect the value of your condo. Whether there is recourse or not is another matter.

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2192 Sat, 25 Oct 2008 23:03:12 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2192 What recourse is a available to owners who buy units in a condo, that go to partial rental status. In my building, the purchase agreement limits rentals to 20% of the units, but over 40% of the units are available in my building at this time. This concerns me as I really don't want to live in a hybrid condo-apartment comlex. What recourse is a available to owners who buy units in a condo, that go to partial rental status. In my building, the purchase agreement limits rentals to 20% of the units, but over 40% of the units are available in my building at this time. This concerns me as I really don’t want to live in a hybrid condo-apartment comlex.

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2010 Sat, 11 Oct 2008 15:49:46 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2010 I'm sorry to hear Live Historic is having a hard time. They are one of my favorite condo-conversion developers. I think they are truly committed to developing a quality product that enhances the communities that their projects are in. That being said, it doesn't surprise me to hear they are having a difficult time. It's brutal out there for new or newly converted condo projects. Few buyers and extremely tight lending restrictions. And most buyers don't want to get tied into a pre-sale commitment right now. I’m sorry to hear Live Historic is having a hard time. They are one of my favorite condo-conversion developers. I think they are truly committed to developing a quality product that enhances the communities that their projects are in.

That being said, it doesn’t surprise me to hear they are having a difficult time. It’s brutal out there for new or newly converted condo projects. Few buyers and extremely tight lending restrictions. And most buyers don’t want to get tied into a pre-sale commitment right now.

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2001 Fri, 10 Oct 2008 01:42:31 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-2001 Live Historic is in the financial crapper. They have fired almost all of their staff and have creditors and lien holders lined up. Do not be surprised to see all of the Live Historic properties up for fire sale within the next few months. Live Historic is in the financial crapper. They have fired almost all of their staff and have creditors and lien holders lined up. Do not be surprised to see all of the Live Historic properties up for fire sale within the next few months.

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1998 Tue, 07 Oct 2008 19:53:49 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1998 [...] Thanks to Jim and Matt who reported that Live Historic’s Marlborough conversion project is reverting back to apartments. Matt also noted that Maris condos on Shilshole made available their unsold units as rentals. Marlborough and Maris joins other developments which reverted back or switched to apartments or are now leasing unsold units - Max, WestWater, Carbon 56, Domaine, Expo 62, Landes, Strata. I’m sure we’ll be seen more of these. [...] […] Thanks to Jim and Matt who reported that Live Historic’s Marlborough conversion project is reverting back to apartments. Matt also noted that Maris condos on Shilshole made available their unsold units as rentals. Marlborough and Maris joins other developments which reverted back or switched to apartments or are now leasing unsold units - Max, WestWater, Carbon 56, Domaine, Expo 62, Landes, Strata. I’m sure we’ll be seen more of these. […]

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1989 Mon, 06 Oct 2008 19:36:56 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1989 I wonder how the other Live Historic properties are doing???? I wonder how the other Live Historic properties are doing????

]]> LOWEST PRICES ON THE WEB, We Accept Visa and Mastercard Credit Cards » Buy Benadryl Without Prescription http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1988 Mon, 06 Oct 2008 19:18:18 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-going-back-to-apartments#comment-1988 [...] Jim has the scoop that Live Historic’s Marlborough project is no longer a condo conversion based on poor sales. Oh well, it will make nice apartments too. See photos from my visit earlier this year. [...] […] Jim has the scoop that Live Historic’s Marlborough project is no longer a condo conversion based on poor sales. Oh well, it will make nice apartments too. See photos from my visit earlier this year. […]

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