out their unit for less than a majority of the year are now deemed to satisfy the FHA’s owner-occupancy requirement. This will make it easier for unapproved condominiums to meet the minimum 50-percent owner-occupancy threshold, allowing more single units to be purchased with FHA-insured loans...
The VA condo approval allows VA Mortgages to be made available on condominiums. An association that is not VA Condo Approved will experience less traffic as buyers and realtors cannot independently or easily verify if something is wrong with the HOA (e.g. inadequate reserves, pending or on-goi...
FHA, VA, USDA-insured single-family mortgages. The current moratorium was set to expire on June 30. “While the economic recovery is already underway, many American families still need
The seller and developer of the Vero Beach Hotel and Spa, George Heaton paid numerous incentives to buyer Stephen McKenzie to purchase the condominiums. Heaton agreed to pay the “cash-to-close” amount that the buyer McKenzie was expected to bring to closing, and nearly $380,000 in ...