ormond beach condos for sale: Fannie Mae Loosens Florida Condo Lending Standards - 01/23/10 11:44 AM
Fannie Mae has made it easier for buyers to purchase condos in Florida.   They are giving some condo complexes "special approvals" even if they don't meet the established rules relating to delinquent fees, financial reserves, or percentage of owner-occupancy.  Florida is the only state where Fannie Mae is issuing special approvals.
If they feel the condo complex is stable enough, even though it might violate a FNMA lending standard, a review team may decide to waive the rule, which allows more buyers to qualify for units in that development.  They will take into account construction quality, maintenance, and the health of … (0 comments)

ormond beach condos for sale: Daytona Beach Area Homeowner Fees - 11/14/09 08:29 AM
Our part of Florida has a lot of condo complexes - many with stunning oceanfront units on white sand no-drive beaches.  What a life! And the prices are such bargains, you can buy now to retire later at square foot costs unimagined a couple of years ago.
But along with a condo comes a Homeowner Association which will charge dues for maintenance (no lawn for you to mow, remember?).  Here are a few tips on what to consider when you find what the association charges and what they do for the homeowners.
1.  How is the fee determined?On new construction, developers must … (0 comments)

ormond beach condos for sale: Ormond Beach, FL: Seabridge North Condo, Ormond by the Sea, NOW $200,000 - 08/28/09 11:42 AM
Rarely available, this Seabridge North 3 bedroom/2 bath condo overlooks the miles and miles of no-drive beach located in Ormond by the Sea.  The home is an outstanding opportunity for your primary residence, as an investment (those cold winter months will be here soon), or your 2nd home-weekend getaway! Seabridge North is being updated; concrete work is completed, fresh paint in process. The unit features beautiful tile throughout, hurricane shutters, balcony, breakfast bar, ceiling fans, central A/C and heat, and an east orientation.  Rentals are allowed, with 1 week minimum.  Sorry, no pets.
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