Real estate blog entries tagged with parks at piedmont delinquency rate by Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Gainesville, VA)

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Home : Blogs : Chris Ann Cleland, Associate Broker, Northern VA : Northern Virginia Real Estate News & Opinion : Tag "parks at piedmont delinquency rate"

parks at piedmont delinquency rate: Condo Associations, Delinquency Rates and Loans - 05/03/12 04:06 PM

Condo Associations, Delinquency Rates and Loans
One of the most frustrating things you can face as a home owner is the virtual inability to sell your condo to a ready, willing and able buyer that doesn't have the cash to pay for it. Forget loans, because there are some condo associations that are so far out of whack with their delinquency rates or investor ratios, that a buyer can't get a loan financed to buy them.
I have this issue right now. A beautiful listing in the community of Parks at Piedmont is being held hostage by bad circumstances combined with … (5 comments)

parks at piedmont delinquency rate: Parks at Piedmont: A Gainesville, VA Condo Community Becoming a Nearly Impossible Purchase for First Time Buyers - 01/19/10 05:04 PM

Parks at Piedmont is a Lovely Condo Community in Gainesville, VA. Can YOU Buy There? The answer is anything but obvious.
You see, Parks at Piedmont condos were constructed by Engle Homes. And sadly, the construction hit the tail end of the boom, and languished in the beginning of the bust. Engle Homes declared bankruptcy without finishing two pad sites that would house twenty more condo units.

There are many short sales and foreclosures that hit the market in this community. Here's where a first time buyer runs into problems buying these fantastic condos.
Investor ratios that are allowable for HUD condo certification … (13 comments)

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Chris Ann Cleland, Associate Broker, Northern VA

Bristow, VA

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Long & Foster REALTORS®, Gainesville, VA

Address: 7526 Limestone Drive, Gainesville, VA, 20155

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