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condotel financing: Condotel Financing Available! - 04/29/09 07:00 PM
I have been getting a LOT of calls about financing condos in our area and throughout the Southeast.  At this point, we have been told that if any of the following are present, the project is considered a "condotel": 
If an underwriter can Google the name of the project and the city and finds that they can rent a unit for a short term there (ie: a day or a week), they are considering that project a condotel;  If the project has the word "Resort", "Inn", "Hotel" or "Motel" in the legal name, it is being considered a condotel;  If a … (4 comments)

condotel financing: 10 Real Estate Deal Killers........ - 03/06/09 03:04 PM
I attended a class the other day called "10 Things to Ask Your Buyers Before Taking Them House/Condo Hunting" and will be addressing those issues in an upcoming blog entry but wanted to put together a list of what can kill a deal for a buyer or a seller.  Please feel free to share this information with your buyers and sellers!
 
Skipping the Mortgage Preapproval Process: For buyers, getting preapproved for a mortgage gives them a clear idea of how much they can safely borrow, plus it addresses credit issues and kick-starts other financial paperwork.  What's more: it identifies them … (4 comments)

 

Sue Botelho-USDA Rural Housing Mortgage Pro

Fort Walton Beach, FL

More about me…

Waterstone Mortgage Corporation

Address: 2 Park Circle, Suite A, Ft. Walton Beach, FL, 32548

Office Phone: (850) 362-6901 x 2

Cell Phone: (850) 797-7946

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