Oh what a slippery slope we climb when trying to list and purchase a condominium. FHA has tightened the thumb screws on condominium purchases. The reason for this is they don't want to loan on condos where the homeowner's association (HOA) is unable to pays bills (i.e. maintain the common areas)
...
02/16/2011
Looks like FHA is going to play nice and wave the 90 day flip rule again for 2011. Below are general guidelines that HUD uses to identify properties that are exempt from the 90 day rule. As I mentioned, some banks have adopted this criteria as well. Others may not be willing to loan, period. 1-Al
...
02/09/2011
OK, I think I've made it clear that I LOVE the use of email for communication between team members during a transaction! It performs a number of functions at once which helps me save time! Unfortunately, some people forget they are working in a professional environment and use email to personally
...
02/01/2011