Apartment Buyers Abandoning 6-Figure Deposits.Â  Who walks away from a $780,000 deposit?Â New Yorkers, apparently. Fannie Mae:$25.2 billion loss.Â  Remember all those years months ago when we took Fannie and Freddie into “Conservatorship”?Â  Turns out that was yet another government term for “giving lots of your money to large financial firms”.Â  But hey, next to AIG, this looks like a profit.
• “Who walks away from a $780,000 deposit?” People who did not seek good legal advice first. I sometimes am willing to take on a contingency basis suits seeking to recover a portion of only$100,000 pre-construction condo deposits.