Thursday, February 25, 2010

FHA Certification Process for Condos

We have just received the paperwork for processing the new regulations for condominiums. Even if you are on "The List", you may still not qualify. The new rules and regulations have become mandatory and they include the condominium board certifying the amount of foreclosures and the number of people who are behind on their condo fees.

If you know of any condominium owners who might need the paperwork, just have them call us! We will have it on file in our office and it will help buyers before the big rush if we have the condos "on board" and ready to go ahead of time. We will be happy to help in the process if anyone needs a little assistance.

A big negative note is that there will not be spot approval on condos any more. You MUST be FHA approved for FHA financing. If you want to sell a condo in the Columbus Ohio area, please call us to help! We are on top of the market and are here for you!

Take care, Susan

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