FHA approved condo list expires December 8, 2010

    If you have been in the market for a Condo or Town home utilizing FHA financing – I don’t have to tell you that there have been some that you could not utilize the FHA loan.

    easel with printing "condo for sale"

    You have probably fallen in and out of love with different condo or town-home complexes only to have your lender tell you that the complex was not FHA approved.

    If it has not been explained to you – this has to do with either the amount of FHA loans on current properties, the Foreclosure numbers specific to the complex or the financial where with all of the Home Owners Association/Condominium Association.

    Law Suits involving the different complexes could also pose issues.

    90% of the condos and town-homes on the current list that is approved by FHA is going to expire on December 8, 2010.  When those complexes expire they probably will not be renewed.  So you are going to have to approach the offering plate with a Conventional Loan.

    I am not a Knee Jerk Reactor – This is an FYI.  If you have been close to offering and you want to buy now – you need to get your offer in and get your lender to pull your FHA case number ASAP.

    Call Mike Meena at Augusta Financial to get your FHA CASE NUMBER ASSIGNED!!!

    If you are looking for the Condo’s / Town-homes in the San Fernando Valley we have them here.

    If you are looking for the Condo’s / Town-homes in the Santa Clarita Valley we have them at this link.

    Trackback from your site.

    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.

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback

    SCVnest Radio Show (listen now)