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condo: Well maintained 2/2 in great location! Recent AC and DW. Ready for your updates! - 02/08/08 10:11 AM
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condo: Condo Financing - 07/14/07 08:41 AM
Okay, here is a question for all you agents and mortgage people out there.
I've got limited experience with condo sales. I have a seller who has listed their unit with me and we have a contract on it. The buyer (another agent/investor) is telling me that they are having trouble obtaining financing because someone in the complex owns more than 35% of the remaining units.
Apparently, this is giving his lenders grief as they want him to put down 25% minimum to get the deal done.
So, tell me, oh great ones, does this type of problem come up often … (4 comments)
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Maxwell McDaniel
Austin,
TX
More about me…
Austin A Plus Homes
Address: 7719 Wood Hollow, 102, Austin, TX, 78731
Office Phone: (512) 799-3296
Email Me
Representing Buyers, Sellers and Investors of real estate Austin TX.
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