Q. I am buying a condo and my lender just told me that the association’s master insurance policy does not provide enough coverage. I called the insurance agent who is writing my personal property insurance and he says that he can add coverage, but it’s going to cost an additional $400 per year. What’s going [...]
SacramentoCondos.com is pleased to bring you information today about Jasmine in Elk Grove.
These condominiums built in Elk Grove by Pacific West were built approximately in 2006 and feature four floor plans ranging from a 1 bedroom 1 bath 1185 square foot unit to the largest unit the 2 bedroom 2 bath + loft unit 1728 [...]
In November the Federal Housing Adminstration (FHA) accounded the permanent baseline guidance for condominium project eligibility. (ie the guidelines they would use when determining if they will allow an FHA loan to be made in a complex) While they have delayed implementation until I beleive December 7th of 2009 and they may change again before [...]
We have received many an email detailing how buyer have been told they cannot purchase in certain complexes or their offers were rejected because of ratios. This is not because the Sellers are not wanting to accept FHA financing or Conventional financing it because of the ever evolving lender guidelines.
This is basically the current issues [...]
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