At one time, condominium developments that were FHA approved were approved for “life”. Thanks to the 2007 housing meltdown, that is no longer the case. In order to establish better oversight of all condo loans it insures, FHA forced all communities (who were approved before 2008) to get re-certified. And this new certification now comes with an expiration date. Just like it is with professional associations, condos will have to get re-certified every couple of years. Here are some of the requirements needed for FHA approval:
Monday, May 9, 2011
Is that Condo FHA Approved?
At one time, condominium developments that were FHA approved were approved for “life”. Thanks to the 2007 housing meltdown, that is no longer the case. In order to establish better oversight of all condo loans it insures, FHA forced all communities (who were approved before 2008) to get re-certified. And this new certification now comes with an expiration date. Just like it is with professional associations, condos will have to get re-certified every couple of years. Here are some of the requirements needed for FHA approval:
Monday, April 4, 2011
Are higher gas prices influencing your search criteria?
Monday, June 28, 2010
For Sale: 622 S Mendenhall Street
I’ve just listed a charming, all brick, Tudor ranch in downtown Greensboro. It is in the vibrant, historic College Hill neighborhood.
Many recent and near-recent updates give this home added youth but its gorgeous 1930's charm remains its most outstanding feature. There is a remodeled kitchen, new heat pump, and the roof is approximately 6 years old. It also has beautiful hardwood floors throughout, a lovely deck overlooking a private backyard, and the interior gets great natural light. The glass door knobs, built-ins, and arched doorways top off the character of this home.
College Hill is a desirable historic neighborhood that is tucked in between UNC Greensboro and the heart of downtown Greensboro. 622 S Mendenhall is in easy walking distance to UNCG’s campus. Proximity to the many amenities and conveniences downtown living has to offer is a definite advantage here.
It is always a treat for me to walk into this home! Take a look at the PictureShowTour to enjoy a preview and visit GreensboroRealEstateSearch.com for more details. You'll love what you see.