The messy legal situation surrounding Williamsburg's Warehouse 11 condo building appears to have been settled, paving the way for a deal for the developers to purchase the building's debt from Capitol One bank. The developers have been furiously selling units at deep discounts (half the building's 120 units went into contract in two weeks) to raise cash to avoid a potential foreclosure, and lender Capitol One wasn't really feeling that strategy. Should buyers feel safer about handing over those down payments now? [YourNabe]
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