hoa fees and dues: PUD VS Condominium: Serious Differences Exist - 04/26/19 11:02 AM
 
PUD VS Condominium: Serious Differences Exist
 
 
PUD and Condo (Condominium) ...
 
I'm sure you've heard or read these terms when talking or reading of something real estate-related.  They're kind of odd sounding.  Hard to forget.
 
But beyond their rather funny names, what are they? What are their characteristics?  And when you buy/own one, what determines legal ownership?
 
First:  Condo (short for Condominium), is probably the most commonly heard of the two terms.  A Condo property (typically referred to as a "Unit") lies within a legally platted Condominium site having a legally formed "Condominium Association".  
 
A Condo property is established and recorded as such.  The recorded documents also … (23 comments)

hoa fees and dues: Can Buying in an HOA Affect Your Chances of Buying a Home? - 11/22/16 02:48 AM
 Can Buying in an HOA Affect Your Chances of Buying a Home?          Homeowners Associations (HOA) ... and the fees/dues associated with them ... come in all sizes, shapes, and forms ...           While many Chicagoland properties are not associated with any Homeowners Association (HOA), many ... especially those built after or during the 1980's ... are likely to lie within a subdivision with an established HOA - Homeowners Association.       These Associations usually provide commonly owned facilities or services for the benefit of ALL property owners within the Development.      Some examples of amenities and services supported by Homeowners … (9 comments)

hoa fees and dues: Think Making Homeowner Association Monthly Fees Are Less Important? Think again! - 07/21/10 02:37 PM
 
    
     I wish I could tell you that I am surprised at some of the issues being brought up during the processing of my clients' mortgages these days ... but the element of real surprise is long gone.  It's now become "what will they think up next?"  I certainly gain an education on many topics ... and it's never dull in my lending world.    
     All sorts of credit issues, employment, liens, personal histories, financial accounts, retirement accounts, and more ... for both buyer, seller, and even those providing buyers a monetary "gift" ... are coming under scrutiny.  Detailed explanations are being demanded for everything.  You … (32 comments)

 
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience

New Lenox, IL

More about me…

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656

Address: Gene Mundt, Mortgage Originator c/o American Portfolio Mortgage Corp., 318 Alana Drive, New Lenox, IL, 60451

Mobile: (708) 921-6331

Office: (815) 524-2280



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