Extract
Making Financing Easier (maybe).
Last year, California's residential developers secured some modest relief from the State's notoriously strict regulatory climate - or so they thought. Assembly Bill 728 ("AB 728"), which became effective January 1, 2004, aimed to encourage more favorable financing from lenders, thereby spurring development of badly needed housing. Specifically, the bill aspired to help developers pre-sell certain units of attached condominium h...
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