That's a tough one.. There's a lot more info necessary to answer your question, but in general, if a HOA has a high delinquency rate, then that's a HUGE red flag... it's this very reason why Fannie Mae requires a condo cert/questioner.. I'm not sure if there is a go around on this issue.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
As I mentioned in my answer yesterday, we can do that kind of HARP loan, beginning next week. We have brought the process in house, so we don't have to deal with the lender overlays that would otherwise create problems for such a situation. Contact me, and we can get the process started for you.
It sounds like Steven Cook has a solution for you. Connect with him. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950
Are you talking about HOA for a Condo association, or a regular home in a subdivision?
William summed up very well. This raises a huge red flag. Would need to know more about the situation to give a good answer. I do loans in WA, call me at 951-294-8392.
That is going to be very hard to find, there are very strong rules in place for such delinquencies.
Hello,We just received new information on our internal HARP programs today, that will take effect early next week. Under these conditions, it appears that we would be able to assist in this process next week. Please contact me on Tuesday, April 2 -- by email response to this, or by calling me at 253-874-1111 at our Federal Way office. Thank you,Steven CookMLO #293441
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