Tag Archives: Condo Financing

The Coming Crisis of HOA Assessments

HOA delinquencies have caused many associations to under-fund their reserves. Are assessments coming to make up for the losses? What other choice does an HOA have? Continue reading

Posted in Best Of The Storm, Fresh Perspectives, Home Economics | Tagged Condo Financing, Foreclosures, HOAs | Leave a comment

No, The FHA Isn’t Giving $3 Million Mortgages

A recent Bloomberg article suggested that the FHA had made a special arrangement to offer mortgages of up to $3 million on luxury Manhattan condos. This is not true. FHA loan limits of $729,750 are still in place. Continue reading

Posted in Banking and Finance | Tagged Condo Financing, FHA, Manhattan | Leave a comment

HOAs Suffer From Delinquencies

Homeowners associations are being severely impacted by the housing bust. Continue reading

Posted in Best Of The Storm, Home Economics | Tagged Condo Financing, Foreclosures, HOAs | 1 Comment

Condo Association Opts for Mass Default

80+ proud owners in the Riverwalk at Redmond Washington condo complex have had enough and are ready to bail, en masse. Continue reading

Posted in Foreclosures | Tagged Condo Financing, Foreclosures, HOAs, Strategic Defaults | Leave a comment

FHA and Condo Buyers….Lack of FHA approved Condo’s

buyers, FHA, loans, condos,condo, HOA Continue reading

Posted in Mortgage News | Tagged Condo Financing, FHA, FHA-Buyers | Comments Off