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Entries Tagged ‘loan’

CA: San Mateo may loan $1.7 million to 67 condo owners to make repairs

Several dozen homeowners in a condo complex are slated to receive $1.75 million in loans from the city to fund repairs the residents say they can’t afford to pay for out of their own pockets Originally from Community Associations Network National

FL: Lauderhill approves $380,000 loan to condo association

The loans, funded through the federal government’s Community Development Block Grant Program, CDBG, are slated to pay for termite eradication, electrical work, balcony restoration, landscaping, a sprinkler system and other building façade improvements. Originally from Community Associations Network National

Trade Groups Push FHA to Reconsider Condo Loan Guidelines

Community Associations Institute, the President of Institute of Real Estate Management, National Association of Home Builders, and National Association of REALTORS® jointly wrote a letter to the U.S. Department of Housing and Development suggesting several “enhancements” to the Federal Housing Administration’s condominium requirements. Originally from Community Associations Network National

CT: Condo loan changes putting developers, buyers in bind

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

Trade Groups Push FHA to Reconsider Condo Loan Guidelines

Community Associations Institute, the President of Institute of Real Estate Management, National Association of Home Builders, and National Association of REALTORS® jointly wrote a letter to the U.S. Department of Housing and Development suggesting several “enhancements” to the Federal Housing Administration’s condominium requirements. Originally from Community Associations Network National

Trade Groups Push FHA to Reconsider Condo Loan Guidelines

Community Associations Institute, the President of Institute of Real Estate Management, National Association of Home Builders, and National Association of REALTORS® jointly wrote a letter to the U.S. Department of Housing and Development suggesting several “enhancements” to the Federal Housing Administration’s condominium requirements. Originally from Community Associations Network National

FL: Lauderhill approves $380,000 loan to condo association

The loans, funded through the federal government’s Community Development Block Grant Program, CDBG, are slated to pay for termite eradication, electrical work, balcony restoration, landscaping, a sprinkler system and other building façade improvements. Originally from Community Associations Network National

NE: Condo buyers stumble on FHA loan hurdles

Rosenbaugh decided to get a mortgage insured by the Federal Housing Administration instead of a conventional loan. Little did he know the decision would entangle him in a process that slows or even blocks sales, at the same time the government is trying to encourage home purchases Originally from Community Associations Network National

Housing Counsel: Condo loan payment may not be justified

QI bought a condo just over a year ago. It was difficult to get a certificate for the sale, because there was no operating homeowner association. However, when the Realtor finally got it from an interim property manager, everything was clear; there were no encumbrances on the property. Originally from Community Associations Network National

New condo loan rules could hurt distressed areas

Money is already tight at The Wilshire Condominium, and new lending rules threaten to make life even more difficult for it and other condos around the country. Originally from Community Associations Network National

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