Asking around today, Home Rentals is not closing up. Instead the agency wants to liquidate over 100 properties and there is a discussion among the anancy principals as to whether to sell off and shutter the company or to keep going on with a smaller portfolio of properties.
Heres what I know:
ReplyDeleteMr Home Rentals is retiring and trying to sell most properties to his daughter. But...the bank sees the value of these properties has plummeted from their 2008 highs and won't refinance all of them. Plus they are way behind on property taxes. So...forced liquidation to get the deal done.
Thanks
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