ARCHIVED BLOG POSTS

2014 

Real Estate Agents are Lazy Well, not all of them.  Many of them are highly professional, perform their job to the best of their abilities and spend their time monitoring the details. But the lazy ones…you know who you are. This past week, I was compiling data for condominiums in South Windsor, C...
05/16/2014
New Phase 1 Standards for FHA Condo Approvals Effective Today On April 16, 2014, HUD announced using the new standards for Phase 1 Environmental Site Assessments (“Phase 1”) in the National Register.  The effective date of the use of this Standard is today.  This affects FHA condo approvals for n...
05/16/2014
Condo Listings Expiring in Non-FHA Projects As part of my marketing efforts, I periodically compile condominium sales data for different towns, identify condominiums that are not FHA approved and start making phone calls. Yesterday, in speaking with a real estate agent who lives in Cromwell, CT, ...
05/15/2014
FHA Releases “Blueprint for Access” to Mortgage Credit In FHA’s most recent email newsletter, it announced a strategy for providing borrowers access to credit through its “Blueprint for Access”.  The link provided contains an 8-page brochure outlining the steps that FHA is taking to ease access t...
05/14/2014
FHA Condo Approvals – Real Estate Agents “Get It” Many condominium Boards and Associations with whom I speak are hesitant to get approved with FHA.  For one reason or another, they don’t believe that getting an FHA Condo Approval will be a benefit to the Association. On the other hand, real estat...
05/13/2014
Practice Certainly Does NOT Make Perfect Over the past few weeks, I have heard the expression “practice makes perfect” several times.  It’s something that every one of us has heard countless times since we were children.  And each time I hear it now, I cringe. “Practice Makes Perfect” is only par...
05/11/2014
Condominium Leasing Restriction Issue Many condominiums wish to place conveyance and leasing restrictions on unit owners in an attempt to control who moves into the community.  I can understand the desire to do this because there are so many folks living in the community that a couple of bad eggs...
05/09/2014
Fun with VA Condominium Approvals This week, I received contact from a property manager with whom I work to help his clients obtain FHA condo approvals.  One of his clients was trying to obtain a VA condo approval because there was a VA buyer attempting to purchase a unit in the project and could...
05/09/2014
USDA Announces New Rural Housing Program Maps This week, an announcement was released regarding the new USDA Rural Housing Program maps.  These maps display the areas in which USDA Rural Development housing loans may be used.  The result of the announcement is that the areas currently deemed as “...
05/09/2014
Greg Nino of ReMax Compass in Houston, TX, posted this outstanding article below about how not using a buyer's agent doesn't hurt anyone but the buyer.  If the home is already listed with an agent, how is not obtaining your own helping you? Please post your comments to Greg's original article loc...
05/09/2014
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