Condo owners could be looking at some changes in FHA lending rules that could negatively impact the price of their homes Originally from Community Associations Network National
Condominium sales continue to be sluggish in Connecticut, but it may be more than just skittish homebuyers impacting the market. Originally from Community Associations Network National
For the first time in the short history of this industry, condominium and homeowners associations are considering filing bankruptcy. Not only is this a catastrophe for property values, where once lenders thought nothing of loaning a condominium association several million dollars, there now has to be a new level of evaluation and qualification before a [...]
Two Democratic lawmakers are calling on Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery. Originally from Community Associations Network National
The US Department of Housing and Urban Development announced its delaying the implementation of FHAs new policy guidance for condo project approval and condo unit financing until December 7th 2009. Originally from Community Associations Network National
Condo owners could be looking at some changes in FHA lending rules that could negatively impact the price of their homes Originally from Community Associations Network National
Homeowners who live along Lake Camille on Joel Blvd. are suddenly finding themselves in a federal FEMA flood zone and that means they must buy flood insurance. For the Beach Club Condominium Association, that means as much as $18,766 a year in premiums for the 50 owners. Originally from National Community Associations News
The current financial crisis in the national housing market is forcing local condominium associations to make dramatic changes in their bylaws in order to prevent values from further declining. Originally from National Community Associations News
For the first time in the short history of this industry, condominium and homeowners associations are considering filing bankruptcy. Not only is this a catastrophe for property values, where once lenders thought nothing of loaning a condominium association several million dollars, there now has to be a new level of evaluation and qualification before a [...]
Two Democratic lawmakers are calling on Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery. Originally from National Community Associations News
