The #1 reason for cancellation of purchase contracts for condominiums is "HOA Pending Litigation". This means that he HOA is currently involved in litigation in one form or another, which is prohibited by FNMA, FHMC, and FHA....
The Federal Housing Administration will raise mortgage insurance premiums this April in order to repair the health of its emergency fund. The FHA upfront mortgage insurance premium will increase to 1.75% from 1% of the base...
HOA litigation contineus to be a deal killer for thousands of home buyers and homeowners accross the country. Any type of litigation, regardless of its size, is prohibited by Fannie Mae. Thankfully, there are portfolio...
This new program is a "MUST" if you have foreign clients purchasing property. No Social Security Number Required No US Employment Required No Verification of US Income Required Loan Amounts to 3 Mil LTVs from 50-60% 18 Months...
Reduced Doc Multi-Family Loans65% to 3mil AVAILABLE PRGRAMS: o 6 Month Treasury ARM, 3/1 ARM, 5/1 ARM, or 15 YEAR Fixedo 30 Year Amortization o 30 Year Term (except the 15 yr Fixed Program) PROPERTY TYPE: o Over 5 Units...
Quite often, highly qualified borrowers with high net worth and great credit scores cannot qualify for a conventional loan. Whether they are retired, self employed, or simply have a very complicated tax situation, qualifying...
HOA litigation has been a deal killer for thousands of home buyers and homeowners accross the country. Whether its the HOA suing a contractor for 5 million dollars, or a homeowner suing the HOA because of a roof leak, Fannie...
Advantages and Limitations Title to real property in California may be held by individuals, either in Sole Ownership or in Co-Ownership. Co-Ownership of real property occurs when title is held by two or more persons. There...