warrantable condos: Why does it have to be a "WARRANTABLE CONDO?" looking to buy a condo? - 08/10/14 05:57 AM
Good Afternoon,
 
Thank you for your great question this afternoon regarding purchasing a condo.
 
You Asked:
 
Why does the condo I want to buy have to be warrantable?  What does that mean?  How does that affect me and my purchase?
 
Lenders are looking to finance "warrantable condos".  If your condo is "non-warrantable" we may have much more difficulty in obtaining financing.
What are mortgage lenders looking for in a warrantable condo?  Some of the items to be addressed are below that does not mean that there are not other considerations a specific lender may have on their … (5 comments)

 
MaryBeth Mills Muldowney, Massachusetts Broker Owner (TradeWinds Realty Group LLC)

MaryBeth Mills Muldowney

Massachusetts Broker Owner

Braintree, MA

More about me…

TradeWinds Realty Group LLC

Address: 381 Washington Street, Floor One, Braintree, MA, 02184

Mobile: 781-910-7294

Office: 781-826-9300

All encompassing blog, real estate both commercial and residential buyers, sellers and leases, current events, entertainment, film industry, Realtor Association info, personal impressions, great restaurants, travel and entertainment, foodie favorites. I love Massachusetts but cover the Globe. Covering topics of concern short sales, HUD homes, Fannie Mae/Freddie Mac, HAFA program, Auctions, Foreclosures, Bankruptcy, Bank Owned Properties. Loan Modification Direction.


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