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Condo "reversions" increase with market slump.(knowitall)(Brief article)

As many condo developers are rapidly falling behind on their bank payments for construction loans, some are considering turning their condominium communities into successful rental apartment communities.

According to research firm Foresight Analytics, based in Oakland, Calif., delinquencies in 2007 increased from 4.1 percent of loans outstanding in the second quarter of 2007 to 5.9 percent in the third quarter, or $2.5 billion of the $42.7 billion of loans outstanding. These numbers only cover banks regulated by ...

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