FHA approved complexes and the removal of the Same

    FHA Loans and the approved complexes in the… by paris911com

    The FHA lending arm of that particular loan has started to whittle away at those complexes that have been approved and allowed to have FHA loans lent on them.  I am speaking about several complexes, that were within the FHA approval guidelines, having lost their certification during the month of November of 2011.

    With that, the buyers that are relocating to the Santa Clarita Valley and within the rest of our Relocation circle – have been hit with a “brick wall” of sorts. They were right at the price point that made FHA financing allowable and they were priced comfortably within the various condo’s and town-home complexes here in the SCV.  Now, their only option might be to go a 5% down conventional loan – or maybe they will try to step up to a Single Family Residence.

    Most are going to find that Single Family Residences will have them priced out when it comes to the difference in price between condo’s, townhomes – and the Single Family Homes.

    In fact, most of the Single Family homes for sale, will also have a fee due each month to the Home Owners Association.  I would hope that the Buyers are given good advice by their Real Estate professional – “Don’t tap yourself our when purchasing real estate…”

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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