Closing the sale of a condo has become harder

Q&A Here's why closing the sale of a condo has suddenly become harder for an association Getty Images It appears lenders are getting more skittish about issuing mortgages to buyers of condominium units as the real estate market recovers from the housing bust, a time when lenders experienced a spate of foreclosures. It appears lenders … Continue reading Closing the sale of a condo has become harder

Congress agrees on changes that may make condos easier to buy and sell

Check out this link to see the changes! This is good news!

FHA squeezing loans for condos despite surging demand

From LATimes.com 11/9/14 During September in Los Angeles, condos accounted for about 27% of home resales. In Miami, they were 44.9%. Above, signs advertise the sales gallery at the Barker Block loft building in downtown L.A. (Patrick T. Fallon / Bloomberg) Call it the condo conundrum: Demand for condominium units is rising in many urban … Continue reading FHA squeezing loans for condos despite surging demand