Sellers should ensure that condo projects are on approved list for FHA mortgages

Reporting from Washington — Condominium owners who are trying to sell in today’s agonizingly slow housing market should make sure that their community is on the Federal Housing Administration’s approved list. Ditto for someone who is thinking about refinancing a condo. Under a little-noticed edict put in place in December, the FHA is no longer [...]

Filed under: Condos, Federal Housing Regulations, FHA loans, La Times, National Real Estate News on July 28th, 2010 | Comments Off

Condo Owners Need to Consider Insurance Options

You finally decided that your residence should be a condominium. Condos can be an appropriate choice for a number of reasons – fewer maintenance worries and no yard work are only some of the benefits. But what about insurance on your property? In most cases, homeowners insurance differs from condominium unit owners insurance. Homeowners insurance [...]

Filed under: Condos, Property Insurance on October 2nd, 2009 | Comments Off