Survey Says – CONDO! - 02/03/10 10:08 PM
This has happened to me more than a number of times now so it is important I bring it to your attention.  Here is the scenario:
 
I am working with buyers looking to do a 10% down loan on a town home.  Every time I write a pre approval letter I speak with their real estate agent, "Are you sure it's a townhome and not a condo?  Do they own the land underneath?" This can be a major issue and there are developments with both town homes and condominiums and typically even the town homes are condos in these developments. 
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