December 1, 2008
Richard Leider, a principal with Seattle-based Trinity Real Estate, said his firm has a list of Puget Sound region properties it's monitoring that were purchased in the last 36 months at relatively high prices and that may need to be refinanced soon.
With property values falling in this faltering economy and financial institutions lending less, some building owners may have to put in more of their own money when it comes time to refinance, he said. Otherwise, they face sale or foreclosure.
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