A NY Times article reports that real estate attoryneys in South Florida are busy analyzing condo contracts for the purpose of releasing buyers from them. According to the report most buyers want their money back but many are even willing to lose hefty deposits to get out of unfavorable deals. The MHP has decreased in Broward from last year. This is mostly attributed to investors who never planned on living in their units. Gregg Covin, of Museum Park, has reported 45 of the project’s 200 units resold before closing. Blue, a Hyperion development, has seen 26% percent of its units resold since occupancy. As expected, flippers are flushing out of the market, but taking the MHP down with them. If what real estate consultant Jack McCabe said is true, then up to 70% of buyers may shake out their inventories before all is said and done.