By Michelle Flaherty Philbrook A while back, I got a call on a condo listing of mine. The potential buyers were a retirement-age couple looking for a new place just large enough for their kids to stop by for a visit, but just small enough that their fledglings couldn’t fully return to the nest. I showed the condo, and when …
FHA Condo Financing & Stunting Real Estate Recovery
By Laura Rubinchuk
When I heard about the new FHA DELRAP/HRAP guidelines for condo financing, my gut reaction was, “Well, I might as well go find another job.” Some of the subjective guidelines for the new approval process will greatly affect my market:
-Proximity to a noise (i.e. busy streets, highways) -Proximity to a gas station -Percentage of commercial space
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