When they put the money down to buy the condos at the beginning of their construction, everything seemed to be fine, but now that the deal is closing and lenders are asking for more money up front than they originally were, and people have been scrambling to close the deals. Some are walking away, unable to meet the new pricing and some are borrowing money from family to meet the new rates that have jumped since their pre-approval because of tighter lending rules that have been put into place.
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