After showing, selling, evaluating, and previewing hundreds of properties (either in person or online) I’ve witnessed FL condos take a HUGE loss in value over the past few years. That spells good news AND bad news depending on who you are. If you own a FL condo and bought it prior to 2009 then it’s probably bad news, but if you are looking to pick these properties up for a significant discount then this is definitely good news. There’s a few things that both sellers/condo owners, and buyers need to keep in mind…
FL condos hit hard spell pain and opportunity
Filed Under: FL Condos Tagged With: Broward, broward property, condo buyers, condo sales, fha loan requirements, fl condo, FL Condos, Foreclosures, investors, selling short sale, Short Sales
FHA Loan Guidelines
If you have talked to anyone about getting a mortgage recently you’ve probably heard about FHA loans or “Government Backed” or “Government insured loans”. A common misconception is that these loans are only for very low income people who can’t get a traditional loan from a bank, or first time home buyers, but this is not the case….
Uncle Sam wants You… to qualify!
There are very broad criteria for FHA insured loans that just about many people can qualify for. This doesn’t mean everyone does though. For example, FHA loans have more liberal credit guidelines, unlike many other loan products, but there are still criteria that need to be met.
The Background of FHA Loans…
Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, FHA Loans Tagged With: broward county, broward county fl, buying a foreclosed home, buying a foreclosed property, buying a home, buying foreclosures, coconut creek, Coconut creek short sale realtor, coral springs, coral springs short sale realtor, faq, FHA, fha insured loans, fha loan requirements, FHA Loans, first time home, first time home buyers, getting a mortgage, helpful tips, helpful tools, homes for sale, how to buy, loan products, loan program, upfront mortgage insurance
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