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If you’re thinking about investing in a condominium there are many terms and policies, which may be very unfamiliar to you, one of the big ones is the condo association. A condo association, sometimes referred to as a homeowner?s association, is a legal entity that oversees development?s laws and regulations and usually also serves as a property manager of sorts.
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From the penthouse all the way down to the bottom, rumor has it that the condo market has officially bottomed out. Now, granted most of these rumors are coming from individuals who have a particular stake in the economic recovery of the condo and housing market, but the general consensus is that somewhere in 2008 the condo market will scrape the bottom of the barrel and then begin its upward slide again.

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