Scenario: First time buyer purchasing a condo. 20% down payment. Good Income. Good Credit. An all-around strong buyer. PROBLEM: He spoke to ‘his bank’ and was told, …
Real Estate in NYC is Hot Again…But It’s Not What You Think.
As another sign of a real estate recovery, Realtors, who specialize in high-end luxury apartments, are telling me that people are buying! But these buyers aren’t Wall Street traders or even …
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Condo & Coop Markets Are Going Through A Transition As Fannie & Freddie Change Requirements
(Originally published February 1, 2010.) Don’t look now, but buying or refinancing a condo or a coop just got harder. Over the past two years, Fannie Mae and Freddie Mac suffered huge financial …
FHA Revokes All Condo Approvals!
(Originally published September 8th, 2009.) ATTENTION ALL CONDO BUYERS AND REALTORS WITH CONDO LISTINGS: If you’re planning to get an FHA mortgage on a condominium, you had better act fast! As …
