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Old October 28th, 2008, 05:04 AM   #201
jcmty
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my contract

do you know anyone who wants my contract? i dont know if i can qualify for a loan. the world has gone crazy. how would i get rid of my contract so i dont have to default on it? can anyone help me?
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Old October 28th, 2008, 08:57 AM   #202
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I think your in the wrong type of forum.
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Old October 28th, 2008, 09:55 PM   #203
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Quote:
Originally Posted by jcmty View Post
do you know anyone who wants my contract? i dont know if i can qualify for a loan. the world has gone crazy. how would i get rid of my contract so i dont have to default on it? can anyone help me?
Shocking someone who put in as much due diligence as you could be put in this situation.
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Old October 30th, 2008, 06:48 PM   #204
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Quote:
Originally Posted by jcmty View Post
do you know anyone who wants my contract? i dont know if i can qualify for a loan. the world has gone crazy. how would i get rid of my contract so i dont have to default on it? can anyone help me?

im pretty sure they are only 55% sold so you might have a very tough time getting rid of your contract. Out of curiousity what floor is your unit on and what type?

Does anyone now if prices have gone down? Im under the impression they have considering the housing market...
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Old November 3rd, 2008, 02:41 AM   #205
jcmty
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my unit

I'd rather not give info on my unit at this time.

i wonder though how anyone is buying at this time. if they are 55% sold, then how many of that 55% can actually get a loan? something had better change before the summer if they are to sell those units.

i called a lender, and it is hard/impossible to get a loan. this is crazy.

doesnt the developer know this, and stop construction until this blows over? how are they to cover their costs if only half of the 55% actually close?

they are to go bankrupt just financing their construction loan. how are you people buying these units?
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Old November 4th, 2008, 09:03 PM   #206
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Quote:
Originally Posted by jcmty View Post
I'd rather not give info on my unit at this time.

i wonder though how anyone is buying at this time. if they are 55% sold, then how many of that 55% can actually get a loan? something had better change before the summer if they are to sell those units.

i called a lender, and it is hard/impossible to get a loan. this is crazy.

doesnt the developer know this, and stop construction until this blows over? how are they to cover their costs if only half of the 55% actually close?

they are to go bankrupt just financing their construction loan. how are you people buying these units?
Right. I'm sure that the developer is going to stop construction on the building, and incur all of the additional costs from doing so, just so that they can let one person who bought one of their units have more time to try to find a loan....especially considering that the person didn't do ANY due diligence and probably bought a place that was WAY out of their means.

Actually, I would think that the developer wouldn't care all that much if you backed out on your contract - they'll keep your 10% deposit, and with that extra money, they will have more flexibility to reduce the price of your unit and the other unsold units in the building.
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Old November 7th, 2008, 10:44 PM   #207
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the building is coming up nicely.

A couple of interesting points...

1) On Madison and Franklin (4 blocks north of 235 w vanburen) they are finalizing the construction of La Quinta Inn Hotel. The only tangible benefit I see here is possibly extending the hours of near by coffee shops, restaurants, and other retail to accommodate those guests during the weekend and nights. Nothing big, but hey the local subway may be open past 4:00PM on a Tuesday for those of us that will actually live there...we'll have to see how it plays out.

2) With President Elect Obama taking the helm in a few short weeks I can see some major benefits to the chicagoland area in general. None more important than Chicago skyrocketing from a distant third place choice to the all of a sudden "HOT" buzz city for the International Olympic Comittee (IOC). Right now, we are looking much favorable to a global audience than lets say if Mccain had won. In addition, I strongly believe he will try everything he can to get the Olympics in his home state. It would be a victory for America, Chicago, and the owners of 235 V buren properties($$$). Obviously this is 8 years away from happening but the announcement of the chosen city will happen just about the same we all close next year. This could mean a jump in property value right off the bat..but who knows. If it does happen you may be able to rent out your unit for $Thousands a week...

Your thoughts?
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Old November 10th, 2008, 05:02 AM   #208
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Re: #1) I was at that Starbucks yesterday and they have already decided that they will be open on Sundays now and will be changing their hours to better reflect the new expected demand.
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Old November 11th, 2008, 07:33 PM   #209
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Quote:
Originally Posted by jcmty View Post
i called a lender, and it is hard/impossible to get a loan. this is crazy.
It's not actually hard to get a loan, it's just hard to get a loan that you aren't qualified for. This is how it should have been all along. We wouldn't be in the mess we're in now if it had been.
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Old December 5th, 2008, 08:16 AM   #210
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flickr.com - sr81

November 19, 2008
image hosted on flickr
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Old January 6th, 2009, 07:22 PM   #211
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on time

Just talked to sales office.

They are over 50% sold.
They are on time for delivery.

Any other updates from you guys? New pics?
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Old January 6th, 2009, 08:11 PM   #212
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I hope someone can get some pics of the glass. It is black! looks cool.
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Old January 7th, 2009, 01:44 AM   #213
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Yes, need pictures!!! Last time I saw it in person was when it was at the 3rd floor in May!
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Old January 9th, 2009, 07:46 PM   #214
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The glass does look pretty slick. I may be able to snap a picture this weekend.
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Old January 10th, 2009, 02:06 AM   #215
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Any pictures would be greatly appreciated.
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Old January 10th, 2009, 06:41 AM   #216
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^Here you go:


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Old January 11th, 2009, 02:21 AM   #217
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Awesome! Thanks! Looks to be up to L32.
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Old January 11th, 2009, 09:54 AM   #218
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Thanks. I've been anxiously awaiting the appearance of this project's glass.
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Old January 11th, 2009, 04:13 PM   #219
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more from our work horse harryc...

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225 W VanBuren












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Old January 11th, 2009, 10:57 PM   #220
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Awesome pictures guys. I need to get back up there and hopefully get some pictures from the site and inside the building.

Thanks again. Keep em coming!
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