In order for the building to be approved for FHA, 51% of the units must be either in contracts or sold. Also 16% of the condos have to be in contract before the condo can be declared effective by the AG and get DOF approval for condo lots and deeds.

Posted by: djr at September 1, 2009 9:18 PM in response to Condo of the Day: 105 Ainslie Street, #3B

Bidding 10% below asking hardly qualifies one as a "lowballer". If you are not ashamed of your bidding price then you can't be called a "lowballer".

Posted by: djr at August 21, 2008 10:50 AM in response to Sales: Big Haircut Required To Get 160 Henry Street Done