Items Tagged with 'condominium sales'

ARTICLES

  • The struggle in locking condominiums in the mortgage industry

    When you have an investment residence condo, it's important to pay close attention before locking the loan
    Your loan application has been processed and the loan is ready for clear to close but then an underwriter points out that everything is clear except the condominium project. There is a high delinquency rate, specifically, 26% of the total unit owners in the project are 60 days or more late paying their HOA dues! What do you do next?
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  • NAR lends support to bill that would overhaul FHA condo restrictions

    Chris Polychron testifies before House Financial Services subcommittee
    The Federal Housing Administration's current restrictions on condominium financing present a significant hurdle for one of America's most affordable options, according to testimony given on Capitol Hill by Chris Polychron, the president of the National Association of Realtors.
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  • California homes sales drop

    Seasonal trends push transactions downward
    Despite the 16.8% month-over-month drop in California single-family home sales in September, PropertyRadar called the double-digit drop typical during a change of seasons.
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