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
In a rare public flap between banks, Superior Bancorp. has sued cross-town rival BBVA Compass, saying a $31 million condo loan was mismanaged and is now in default. Originally from Community Associations Network National
Condo owners share more than roofs and lobbies these days. They also share one another’s financial burdens. Originally from Community Associations Network National
It may be a buyer’s market for those looking to purchase a South Florida condominium, but a new FHA rule putting an end to “spot approvals” for home loans may burst the shopping bubble and make it much more difficult to qualify for a loan. Originally from Community Associations Network National
Developers and real estate agents are awaiting new rules governing federally backed loans for condo sales, and many are worried the changes will make it more difficult to sell properties in the already ailing market. Originally from Community Associations Network National
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
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
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
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 National Community Associations News
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 National Community Associations News
