Your Home Newsletter – December 2011

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FHA Buyers Blocked From Many Condos – Bad for Sellers, Bad for Buyers

Many condo communities have lost their FHA certification, something buyers and sellers don’t realize until a contract is blocked. If you know anyone who is in any way connected with condo or townhouse communities (owners, managers, potential buyers) they need to be aware of this: FHA revoked its certification of every condo earlier this year. If the management hasn’t reapplied, units can’t be purchased with an FHA loan. It used to be relatively easy for a condo complex (or “project” in... Read more »

Your Home – November 2011

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