Real estate blog entries tagged with fha approval by Lyn Sims - Schaumburg Homes (Schaumburg Real Estate - Northwest Suburbs

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Home : Blogs : Lyn Sims - Schaumburg Homes : Lyn Sims ~ Schaumburg Homes ~ Chicago Northwest Suburbs ~ Illinois Real Estate : Tag "fha approval"

fha approval: Trouble is Brewing! Associations and their FHA Approval - 02/06/12 01:35 PM

Townhome and condo subdivisions all over the Schaumburg area hire management companies to help them sort out the variety of problems with managing a substantial subdivision. Foreclosures are also a recent addition with lack of payment by owners and by the banks themselves once they own the homes. I can't remember when it was ever a tougher financial burden than it is now. Homeowners that join the board to volunteer their services on behalf of others, now have to know finances, budgets, legal proceedings, and construction. Many associations do have a legal team on board to help them make these decisions and … (5 comments)

fha approval: FHA APPROVED CONDOS - 10/13/09 02:32 PM

FHA GUIDELINES FOR ASSOCIATIONS
I see a problem coming on the horizon and I don't have to be a clairvoyant to know that it's going to be bad. In fact, I've started to see little bits and pieces of the problem over the last 6 months or so. Some problems were created a long time ago, others created more recently. Did you know that what your Association decides with your FHA approval and required submission can impact the sale of your home?
Most sellers don't know this has a HUGE IMPACT.
With all the new lending guidelines and restrictions just … (9 comments)

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