Transactional things. This is lined up in advance with a Title Company and a mortgage company. Its really up to the Property Owners. Oftentimes, there is a transition very quickly when you become an official condominium after its recorded to change the mortgage product that you have from a sort of a joint mortgage with all the tic owners to individual mortgages that each condominium owner has. Its up to the Property Owners to go figure out that process and to line it up and see how quickly they can do it. But, within a short period of time you will be in a situation where you can arguably have a new individual mortgage at a lower rate on a higher value piece of property. Thank you. My next question is, is there, i know there are situations where maybe not all owners agree to condominium conversion maybe because they dont want to pay the fee but there are other owners who have other greater incentives to sell. Is there anything that mandates that the owner itself must pay the 8,000 fee
Eastbound. Now the pass chp is clearing up an accident that happened at the 205 and 58 interchange. You will see early delays now for eastbound 580 approaching 205. Now expect those backups fortunately the commute direction of 580 westbound Still Holding steady with no major problems getting towards the livermore valley. San mateo bridge in good shape. And it is still wide open its not too late to beat the backup here leaving oakland bound for San Francisco. No delays reported for the 880 and 237 interchange. And b. A. R. T. Is on time. Thats a look at kcbs traffic michelle . Some breaking news in oakland. A high speed chase suspect was shot by an officer. The chase started on the high street near interstate 580 around 3 00 in the morning, the suspect drove through local streets and ran several traffic signs. The suspects car finally came to a stop at a dead end on east 15th and 57th streets. The man was taken to a hospital. No word on his condition. And some developing news this morni
Given what we just saw on the gdp . I think the new normal is the old normal. Stock give you pretty good turns, especially on top of inflation. Stocks are going to be once again a big part of peoples portfolios. You have a right to be cautious. I only need one number to put you back in now we talked about this last time. I was going for slower appreciation. Guys, thank you very much. That does it for us today. Right now its time for squawk on the street. Good morning to you all. Im melissa lee, along with jim cramer, david faber at the new york stock exchange. Carl quintanilla is live where research in motion is holding their blackberry 10 launch today. Lets look at futures and how were setting up for the day. We saw a bit of a reversal on the gdp numbers, the first contraction since 2009. Now were in negative territory. As for europe, confidence coming in stronger in the real star here. The euro topping 135 for the First Time Since april 2010. And strengthening even more after the gdp
Residents are set to return to their rehabbed homes after a hard-fought voluntary public housing conversion saved a fifth of this Missouri town’s housing.
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