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Condos

A collection of news and information related to Condos published by this site and its partners.

Top Condos Articles

Displaying items 12-22
  • FHA financing attracts larger pool of buyers

    FHA financing attracts larger pool of buyers
    Q: I own a condominium in an eight-unit building. I am preparing my unit for sale and my Realtor says that our association should get the building FHA approved so that prospective buyers who plan to use FHA-backed mortgages can be viable prospects. Can...
  • Fair warning: Some condo units contain common elements of association

    Q: I bought a townhouse condo four years ago, and I just found out from a local plumber I hired that the main water shut-off valve for some of the other units in the association is located in my house. I was never informed about this from the seller or...
  • Many property management companies have added new fees

    Q: I own a condominium in Virginia and rent it out. I realize condominium associations try to limit renters to make sure the building remains FHA-approved, and also to keep property values up, but I think our condo association is misinterpreting one...
  • Making a plan to get out from under debt

    Q: I have a fairly complicated situation, but I'll make it as simple as possible. I have some debt and I'm wondering how to prioritize it. I have a second loan from a past foreclosure for $32,000. I have been negotiating with the bank (through my...
  • Explanation not likely for prospective buyer rejected by co-op board

    Q: I was trying to buy a co-op. I found a property and paid fees for appraisal, fees to my attorney and to the bank attorney, and some money to the co-op board for them to release some information. The real estate agent I was dealing with promised me...
  • Purchasing condo building a delicate endeavor

    Q: I've been a loyal listener to your radio show since 2006. I also purchased your book "Buy, Close, Move In!" I am looking to buy a building that was formally a hotel (converted into condominiums quite some time ago). The building is in rough shape,...
  • Good renters have little to fear in bank-owned building

    Q: First of all, I adore your radio show! I drive rental cars for a living, and I listen to you every Sunday. Our problem, in a nutshell, is that our apartment complex was foreclosed on this past February, and we are all fearful we will be out in the...
  • Is a condo right for a retired buyer?

    By Ilyce Glink and Samuel J. Tamkin Q: I just read your column in today's paper responding to a question about whether to buy a home at age 66 or continue renting. I was surprised you didn't make two observations. First, your correspondent wants to...
  • Closing cost credit can cause problems if it appears to reduce purchase price

    Q: Last Friday we closed on a condo. It is a second home for us and was considered an investment property, although the truth is we bought the condo for our son. At the closing table, we were informed that the 3 percent closing cost credit agreed to in...
  • Has underwater condo, wants new house

    Q: I currently own and live in a condominium, but I want to sell it and buy a house. However, because I'm upside down in my condo, I'm not able to sell it. I don't have any problems paying my mortgage, and my credit is excellent. Would it be reasonable...
  • 80 years old and underwater

    By Ilyce Glink and Samuel J. Tamkin Q: We live in Clayton County, Georgia, where the housing market is still not good. Our home was worth $200,000 in 1999 now it is worth $51,000. We still owe $101,000 on a first mortgage and $19,000 on a second...