fha approved condos: The seller has an FHA loan. Why do you care? - 06/01/15 05:25 AM
The seller has an FHA loan.  Why do you care?
 
Recently, I listed an Aliso Viejo condo.  The seller had FHA financing.  As the listing agent, why would I care that the seller has an FHA loan on the property?  
 
There was an FHA rule in place at the time of the loan that when the property sells, the seller must pay the full month interest payment no matter what day of the month escrow closes.  In the case of my nice condo seller, the interest payment amounted to $805.91.  
 
We received an offer on the property.  A seller counter offer was written … (18 comments)

fha approved condos: Why is FHA and VA condo approval important? - 04/01/15 03:58 PM
More Buyers! 
 
When a buyer wishes to obtain FHA financing to purchase a condo, the condo community must be FHA approved to allow that to happen.  Many homeowner's associations don't understand the importance of FHA and VA approval or that they must take action to get the community FHA approved.
 
I had a great listing in Aliso Viejo on 26 Florentine in the community of Tivoli I.  One of the nice board members visited the open house and we got to talking.  
 
I mentioned that FHA approval would be really beneficial to the neighborhood.  She asked why.  I explained … (8 comments)